correct

habibzafari14 habibzafari14 USDCAD, W,
USDCAD: Weekly chart | Just an outlook
133 0 9
USDCAD, W
Weekly chart | Just an outlook

Hi guys, Technically: It seems the correction will be three waves that two waves completed and the third wave is not completed yet. Fundamentally: Canada fundamentals are weaker than USA and Oil price is not also expected to rise so much that can improves Canada's economy. Your likes and comments are appreciated Thanks

ew-forecast ew-forecast PRO AUDUSD, 60,
AUDUSD: Elliott Wave Analysis: AUDUSD Intraday View
186 0 12
AUDUSD, 60
Elliott Wave Analysis: AUDUSD Intraday View

AUDUSD fell in five waves downs from 0.7582 this week, which is a bearish pattern but a larger degree pattern suggest that it can be wave B) so we have to be aware of a new significant turn next week. But as always try to focus on minimum expectations, so no matter what the larger degree count is you still expect a three wave recovery because of that five wave ...

cguthrie922 cguthrie922 PRO DJY0, D, Short ,
DJY0: Welcome To The Dow Jones Industrial Double Top Circus
26 0 6
DJY0, D Short
Welcome To The Dow Jones Industrial Double Top Circus

Welcome to the double top, prepare for the drop! The DJIA achieved a double top and recorded a lower high than the record high on March 1, 2017. The next few days are crucial to see if the Dow can break through this ceiling. If it cannot, the drop could be to recent levels of support or the house of cards could completely crumble. The stochastic is nearing ...

adambiers adambiers PRO QJY1!, 240, Short ,
QJY1!: More downside for YEN?
5 0 5
QJY1!, 240 Short
More downside for YEN?

Hey guys, Ive been tracking yen futures and posting updates for forex fb group. This is good to look at for JPY pairs. Looking for more downside on YEN, so upside for xxx/JPY pairs

ew-forecast ew-forecast PRO GBPJPY, 60,
GBPJPY: Elliott Wave Analysis: GBPJPY Could Face Some Downtime
617 3 16
GBPJPY, 60
Elliott Wave Analysis: GBPJPY Could Face Some Downtime

GBPJPY may be trading in late stages of sub-wave v) of five, which means a corrective reversal may follow in the near-term. That said the pair may see limited upside later today, or maybe tomorrow and unfold a minor three wave decline towards the region of former wave iv. A broken lower channel line would be a confirmation that bulls are over and bears may come in ...

ew-forecast ew-forecast PRO NZDUSD, 30,
NZDUSD: Elliott Wave Analysis: NZDUSD Intraday View
674 1 21
NZDUSD, 30
Elliott Wave Analysis: NZDUSD Intraday View

As already mentioned yesterday, NZDUSD is on our radar screen as decline from April 19 high looks very strong, thus an impulse that can take us even lower as we need five wave fall from 0.7050 area. That said, current bounce from 261.8% Fib level is wave four that may stop near 0.6930/40.

ew-forecast ew-forecast PRO GBPUSD, 60, Long ,
GBPUSD: Elliott Wave Analysis: GBPUSD Trading In A Five Wave Impulse
846 2 20
GBPUSD, 60 Long
Elliott Wave Analysis: GBPUSD Trading In A Five Wave Impulse

GBPUSD trading in a three wave correction of wave 4, now in final stages of sub-wave c. That said support for the corrective wave 4 may be around the 38.2 Fibonacci ratio, from where a new reversal higher into wave 5 may follow. Afterwards wave 5 of 3) may reach levels around the 1.2919 region.

ew-forecast ew-forecast PRO USDCAD, 60, Long ,
USDCAD: Elliott Wave Analysis: USDCAD Trading Into Final Wave
903 8 22
USDCAD, 60 Long
Elliott Wave Analysis: USDCAD Trading Into Final Wave

USDCAD is moving nicely higher since April 12 where pair showed us signs of a bottom because of an impulsive turn into wave 1. So we were bullish on USDCAD, but these move can be coming to an end now because of price advance into a fifth wave; final leg of an impulsive structure. Also, we see pair at upper resistance line of an EW channel which can represent first ...

ew-forecast ew-forecast PRO EURNZD, 240, Long ,
EURNZD: Elliott Wave Analysis: Correction On EURNZD May Be Finished
441 5 17
EURNZD, 240 Long
Elliott Wave Analysis: Correction On EURNZD May Be Finished

EURNZD seems to be trading in a corrective retracement of wave B, after a five wave move to the upside had unfolded in the previous wave A. That said recent fall can be sub-wave C, that may see some limited downside around the lower channel line. That said, a breach above the upper corrective channel line will suggest higher levels to follow.

ew-forecast ew-forecast PRO AUDNZD, 30,
AUDNZD: Elliott Wave Analysis: AUDNZD Trading In Late Stages Of Wave 3
479 1 24
AUDNZD, 30
Elliott Wave Analysis: AUDNZD Trading In Late Stages Of Wave 3

AUDNZD is moving nicely to the upside this week which is seen as wave 3) from April 21st, so we can expect more upside after a fouth wave pullback that can be around the corner. Supports are seen near 1.0806 and 1.0820. Drop below 1.0766 would need a new count.

ew-forecast ew-forecast PRO USDJPY, 60,
USDJPY: Elliott Wave Analysis: USDJPY Taking Off
1321 1 18
USDJPY, 60
Elliott Wave Analysis: USDJPY Taking Off

USDJPY looks to be taking off sharpy in sub-wave v) of three. Well, if that is the case then we may have an extended fifth wave. That said, we believe some resistance may come in around the 261.8 Fibonacci ratio, from where a new corrective decline may follow into bigger wave four.

ew-forecast ew-forecast PRO EURUSD, 240, Short ,
EURUSD: Elliott Wave Analysis: EURUSD Sharply Turning Lower
1526 2 27
EURUSD, 240 Short
Elliott Wave Analysis: EURUSD Sharply Turning Lower

On the 4h count of EURUSD we see price trading south following a completed zig-zag correction that was in progress since the start of the year. Reversal down is strong and clearly impulsive, thus an important sign of a top in place, meaning a minimum three wave drop is expected to unfold, which should resume after current rally is completed. We see this rally as ...

ew-forecast ew-forecast PRO USDJPY, 240,
USDJPY: Elliott Wave Analysis: USDJPY Trading In Final Wave 5
1675 4 43
USDJPY, 240
Elliott Wave Analysis: USDJPY Trading In Final Wave 5

USDJPY is falling, now seen in fifth wave of decline of wave C) which can be in final stages now. As such, traders should be aware of a bounce ideally from around the lower channel line that comes in near 109.00. Minor five waves up from there and back to 111.50 will be an important evidence for a change in trend.

ew-forecast ew-forecast PRO GBPJPY, 60,
GBPJPY: Elliott Wave Analysis: Five Wave Move On GBPJPY Seems Completed
797 4 22
GBPJPY, 60
Elliott Wave Analysis: Five Wave Move On GBPJPY Seems Completed

Intraday chart of GBPJPY is showing us a nice five wave rally to the upside, with price now particularly trading in late stages of wave v. That said we believe a three wave decline may come in play as a contra trend reaction and later find support around the 138.29-139.05 zone.

ew-forecast ew-forecast PRO USDCAD, 240, Short ,
USDCAD: Elliott Wave Analysis: USDCAD Eyeing 1.3180 Region
670 1 19
USDCAD, 240 Short
Elliott Wave Analysis: USDCAD Eyeing 1.3180 Region

USDCAD has turned nicely down from 1.3533, clearly with five waves which is a structure of a bearish turn based on the Elliott Wave principle. As such, we now expect even more weakness after recently unfolded three wave bounce from 1.3262 that is pointing lower into wave three. We think that 1.3262 is going to be broken this week from where market may see a drop ...

ew-forecast ew-forecast PRO AUDUSD, 240,
AUDUSD: Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction
481 0 11
AUDUSD, 240
Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction

Aussie turned up last week after better than expected AUD employment data. From a technical perspective we adjusted the wave count as current bounce is part of a minimum three wave recovery since it turned up impulsive in the first part, labeled as red wave A). As such, there will be more upside coming now within an A)-B)-C) structure which may stop near 0.7640. ...

habibzafari14 habibzafari14 USDJPY, 60, Short ,
USDJPY: looking to sell very short-term
74 1 11
USDJPY, 60 Short
looking to sell very short-term

It seems that 3 corrective wave in 15m chart is finished and I am looking to sell and will close it as I notice that downward is finished

ew-forecast ew-forecast PRO AUDUSD, 240, Short ,
AUDUSD: Elliott Wave Analysis: AUDUSD Trading In A Bearish Impulse
832 0 23
AUDUSD, 240 Short
Elliott Wave Analysis: AUDUSD Trading In A Bearish Impulse

Aussie is making a sharp decline for the last few trading days with an extended structure seen down from 0.7678 that we see it as wave 3) which will normally touch 161.8% Fib. extension level. This one is placed near 0.7440 which is not far away so traders will have to be aware of a corrective bounce this week; up into wave 4).

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