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US30 Index. The price has been consolidating this week after a decent drop in the past few weeks. This correction can be referred to as the fourth wave in the Elliott Wave sequence. The trend line created by the previous lows can be used to check the validity of further shorts on the index; a move above the high of 34816 is likely to invalidate the analysis....

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EURUSD. EURUSD turned around very quickly after a nice bullish run. What we could be seeing here is a triangle formation which means the price could remain in the consolidation area for many months. There would still be countless opportunities to buy/sell while the price is still trading inside the triangle. Manage your risk while trading.

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BITCOIN. As the correction phase is extending in the cryptocurrencies, there remains a likely scenario with a triangle formation. This would mean that the price could consolidate in the coming months. Triangle formations are always followed by an impulse - so the market will continue higher but the chances of the breakthrough remain slim in the short term....

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NZDUSD The pair is clearly forming a WXY correction and the current structure implies more bearish movements over the next week(s). The USD is likely to gain strength as all of the XXXUSD pairs have been under an upward correction.

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CADJPY. The move over the resistance has cleared off as a 'fake-out' and after today's candle, we are likely to see a bearish scenario over the next few weeks.

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EURUSD. The pair has a pending bearish sequence that is likely to continue over the next week(s). It seems to be forming a decent candlestick pattern for a bearish move at a strong resistance level. Manage risk while trading.

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AUDUSD. It's a typical move for the dollar to gain strength before the weekly closing. The pair is forming a corrective pattern and will give another drop to complete the sequence. We are likely to see a bearish scenario on most XXXUSD pairs over the next week(s). Manage risk while trading.

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AUDJPY. The pair is going through a correction phase and after a retracement to 61.8 fib level (also a good level of resistance), we are likely to see a downward continuation.

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EURUSD. The correction is very messy on the pair, but as long as there is no impulse upward, we can keep the bearish scenario in mind. The pattern could be a triangle or a possible ABC correction in which case there can be a further upward move. However, in the case of a triangle, we are likely to enter the bearish scenario by the end of the week.

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AUDJPY. The pair has made one impulse downwards after finishing an ABC correction. The trend is likely to resume downside after the sub-wave completes the upward correction. Manage risk while trading.

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GBPJPY. The pair has made wave 1 impulse downwards, followed by an upward correction which may end around the 38.2 - 50.00% fib level. There are likely to be good shorting opportunities over the week. Manage your risk while trading.

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EURUSD. The pair is forming a triangle as a correction pattern. The wave E is usually a confusing one as it never touches the top/bottom channel, but rather remains a small move opposite to wave D. In such cases, the best way to trade is to wait for the structure break and sell/buy at the resistance as we have one in this chart. Manage risk while trading.

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GBPJPY. The price is currently correcting in a triangle and is likely to continue its downtrend after the structure break.

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CADJPY. This is a short term outlook on CADJPY based on the Elliott Wave Theory.