CADJPY pair is trading nicely as expected for the last couple of weeks. It turned aggressively down with five wave cycle from 110 area. A decline that suggests more weakness but after a corrective rally, as we already shared back on March 27. We know that corrections are made by three waves A-B-C that is now in full progress with already wave C in the making....
Cable is moving into 5th wave, as we see it unfolding a five-wave bullish impulse from the lows by Elliott wave theory. Cable with ticker GBPUSD reached a multi-year low after a capitulation back in September 2022. Notice that the price is now looking impulsive on a daily chart, clearly within a five-wave cycle, which indicates for a change in the trend from...
CELR is one of the coins at this moment that can be important for the next trend, we will follow to see if it's able to confirm the coming time. In the last days on altcoins, there is a hard trend to find a building coin. Will clear be the next one? this is exactly what we are going to follow.
EURUSD reversed sharply to the downside in the last few weeks as USD turns up across the board after new global inflation worries. So far we can see a nice and strong decline on the EURUSD, which for now is still in the making and can be even deeper in three legs (A)-(B)-(C). We still think that pair can complete a higher degree of correction around 38,2%...
AUDNZD turned sharply down in the last quarter of 2022, away from the upper trendline of a previously bullish EW channel which is usually the ending point of a higher-degree structure on a daily chart. We talked about this in our 2022 updates and warned about a bearish turning point which is now in full progress and will most likely resume much lower as pair shows...
Wheat has topped, but corrective recovery can be near, as we see it finishing a five-wave cycle from the highs. Wheat has been in a massive rally at the beginning of 2022 due to war in Ukraine, but now that stocks are trying to stabilize in the second part of 2022, we can see commodities slowing down within deeper corrections. Wheat has five waves down from the...
Litecoin made some nice breakout above November highs recently, which we see it as a higher degree wave C or maybe even wave 3 after a completed irregular/expanded flat correction in B/2 on November 9th. Litecoin hasn't finished its rally yet, it's still pointing higher within wave C/3, as five-wave cycle of the lower degree looks to be unfinished. So, be aware...
DAX is in sharp and impulsive recovery away from the lows, breaking important daily trendline, which can be easily an indication for more gains, especially if we take a look in the 4-hour chart, where we see an unfinished five-wave cycle from Elliott wave perspective. Looking at the 4-hour chart, we see DAX trading in the middle of wave 3 of a five-wave bullish...
Elon Musk said yesterday that Twitter users who have created fictitious profiles impersonating other users without labeling them as “parodies” will be permanently banned from the said social networking platform without warning. In a separate post on Twitter, Musk said that in the past, the platform would issue a warning before suspending a profile, but as Twitter...
Deutsche Bank reported that in a particularly critical phase is the supply-demand dynamics regarding natural gas towards the winter season, which the behavior of households will be decisive in the coming months, as their consumption represents a large percentage of total consumption. A supply failure is likely to be avoided at least as the scenarios confirm that a...
USDCAD is breaking higher, now making some extended upward move which is acting like an impulse because of an extended and sharp move up from 1.3. As such, we think this can be impulse wave 3 where pair can slow down for a corrective pullback into wave four. Ideally that upcoming wave four will then stop and stabilize at the upper line of a base channel. Trade...
Hello traders, today we will talk about the Kiwi (NZDUSD) in which we see nice and clean Elliott wave development. The Kiwi is trading bearish already for a while and looks like there's room for more weakness, at least for a short period of time. From Elliott wave perspective we can see it finishing a five-wave cycle within a potential wave C of Y, but as you can...
Cryptocurrency HEX is one of the weakest for the least year, but from Elliott wave perspective, we can see it finishing an A-B-C corrective decline from all-time highs. Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree and you can see, it can be now trading in final stages of wave 5 of C. From technical point of view, we...
You can easily see that cosmos hits the support so.I am waiting for the short opportunity until and unless it breaks its support. BINANCE:ATOMUSDT
Hello traders and investors! Stocks are still down and we see German DAX trapped in a higher degree wave (B) triangle consolidation which can be already completed or still in progress, so be aware of a continuation lower within wave (C) soon. From technical point of view, wave (C) can extend its decline even down to 11k, maybe even 10k area, so watch out for...
Crypto market is recovering as strong rebound from the lows suggests a temporary support from Elliott wave perspective. Cryptocurrencies are in a recovery mode again following news that SEC Division of Corporation Finance is about to Add Industry Offices Focused on Crypto Assets and Industrial Applications and Services( source ). Looking at the Crypto total...
Crypto market is slowing down as stocks turned down into a risk-off and the USD rallied across the board. So even strong Ethereum is no exception. In fact, we see a drop from 2k psychological level in five waves, so the market is ideally forming an (A)-(B)-(C) corrective decline. However, nothing moves in a straight line so after the current five waves down in A...
EURGBP is bouncing from multiyear support and cyclically speaking, we may see a recovery at least back to the upper side of a range. EURGBP hits multiyear support and it’s trying to wake up away from the lower side of the range. Even if the price will stay sideways, it can rally back to the upper side of a range, especially if we consider monthly...