impulse

ew-forecast ew-forecast PRO DXY, D, Long , 4 hours ago
DXY: Elliott Wave Analysis: USD Index Looking Up Into Wave 5
260 0 11
DXY, D Long
Elliott Wave Analysis: USD Index Looking Up Into Wave 5

We see price trading in a three wave correction in wave 4), with recent drop being the final sub-wave (C) of this correction. This correction will ideally unfold as a simple zig-zag pattern, that will find some support around the lower channel line and bounce higher into wave 5).

ew-forecast ew-forecast PRO USDCHF, 240, Long , 10 hours ago
USDCHF: Elliott Wave Analysis: USDCHF Undergoing A Bullish Reversal
221 0 11
USDCHF, 240 Long
Elliott Wave Analysis: USDCHF Undergoing A Bullish Reversal

On the updated chart of USDCHF, we see price undergoing a nice sharp and strong rally to the upside, probably as an indication for a reversal. If that is the case, then recent big three wave pattern to the downside is completed and more gains may follow in the near-term. For a confirmation, that the previous pattern is completed, we would need a decisive breach ...

ciano1993 ciano1993 PRO GBPUSD, D, Short , a day ago
GBPUSD: Possible Wave 5 to follow completion of Wave 4 (Triangle)
62 0 5
GBPUSD, D Short
Possible Wave 5 to follow completion of Wave 4 (Triangle)

It appears a contracting triangle has appeared in wave 4 of an impulse (A contracting triangle can only occur in wave B, X or 4). A wave 5 impulse at the same degree as the contracting triangle could have already begun but I am taking a conservative approach since the substructure of the contracting triangle is not ideal. Entry Level: Once the extreme of wave D ...

ew-forecast ew-forecast PRO AUDNZD, 240, a day ago
AUDNZD: Elliott Wave Analysis: AUDNZD Trading In A Minor ThreeWave Rally
329 1 19
AUDNZD, 240
Elliott Wave Analysis: AUDNZD Trading In A Minor ThreeWave Rally

That was a sharp bounce on AUDNZD in the last few sessions, so we definitely don't want to chase this market here with a bearish call yet, especially not as you need three legs up within blue wave B first.

ew-forecast ew-forecast PRO GBPUSD, 60, a day ago
GBPUSD: Elliott Wave Analysis: GBPUSD Looking To Aim Lower
749 3 19
GBPUSD, 60
Elliott Wave Analysis: GBPUSD Looking To Aim Lower

It appears that flows have changed over the last 24-48 hours, since stocks found a support on Monday with E-mini S&P500 turning nicely up from 2320 area. This has a strong impact on some majors, especially on EUR and GBP against the buck after Theresa May signed Article 50 letter to leave Europe and start with negotiations in the following months. Long-term ...

ew-forecast ew-forecast PRO DY1!, D, 8 days ago
DY1!: German DAX May Experience Some Weakness In Weakness To Come
463 0 11
DY1!, D
German DAX May Experience Some Weakness In Weakness To Come

On the daily chart of German DAX we are observing a nice higher degree impulse in motion, with price particularly trading at the end of blue wave 3 of three. If that is the case, then red sub-wave 5) may experience some resistance in days ahead and may expect price to fall into a corrective reversal within the upcoming blue wave four. If that were the case, then ...

ew-forecast ew-forecast PRO USDCAD, 240, Short , 7 days ago
USDCAD: Elliott Wave Analysis: USDCAD Looking For More Weakness
412 3 19
USDCAD, 240 Short
Elliott Wave Analysis: USDCAD Looking For More Weakness

USDCAD made a nice and sharp reversal lower into final wave 5 of 1) two days ago. Recent rally is the beginning of a corrective wave 2), with first leg A already completed. Now we are tracking second corrective wave B, and later wave C of 2). The ideal reversal zone for this correction is around the 50.0 or 61.8 Fibonacci ratio.

ew-forecast ew-forecast PRO EURNZD, 240, Long , 3 days ago
EURNZD: Elliott Wave Analysis: EURNZD Breaking Out Of A Triangle
244 0 17
EURNZD, 240 Long
Elliott Wave Analysis: EURNZD Breaking Out Of A Triangle

EUR keeps moving higher against commodity currencies, with EURAUD now already at 1.4300 mark, while EURNZD trades at 1.5440, which is near red subwave B) level so it appears that triangle can be finished. If that's the case then EURNZD may see extension up to 1.5600 this week.

ew-forecast ew-forecast PRO EURJPY, 60, Long , 9 days ago
EURJPY: Elliott Wave Analysis: EURJPY Looking For More Upside
409 2 17
EURJPY, 60 Long
Elliott Wave Analysis: EURJPY Looking For More Upside

On EURJPY price turned sharply higher from 120.60 area. So far, we can see a very aggressive leg up, towards the upper channel line which suggests that market has resumed an uptrend. However, nothing moves in straight line, so be aware of a corrective retracement back in wave 2) that may show up.

ew-forecast ew-forecast PRO USDJPY, 60, Short , 6 days ago
USDJPY: Elliott Wave Analysis: Possible Triangle On USDJPY Pointing Down
797 3 36
USDJPY, 60 Short
Elliott Wave Analysis: Possible Triangle On USDJPY Pointing Down

USDJPY is slow, same as stocks ahead of Trumps vote on health care bill. Therefore we see pair in a corrective move still; ideally that's a fourth wave triangle which may see a break down soon into wave 5, maybe even with Sunday gap if vote results will be announced after the market close.

ew-forecast ew-forecast PRO EURUSD, 240, 15 days ago
EURUSD: Elliott Wave Analysis: EURUSD Looking Down
653 0 20
EURUSD, 240
Elliott Wave Analysis: EURUSD Looking Down

On the 4H chart of EURUSD we can see price undergoing a minor bearish breakdown from the 1.0714 level, where a potential top for the correction in wave 2 could have been found. Well, if that is the case, then more weakness may be in store for the pair and ideally price will break beneath the wave x around the 1.0494 region in days ahead.

ew-forecast ew-forecast PRO GBPUSD, 60, 8 days ago
GBPUSD: Elliott Wave Analysis: GBPUSD Could Face A Temporary Correction
571 2 25
GBPUSD, 60
Elliott Wave Analysis: GBPUSD Could Face A Temporary Correction

GBPUSD rallied up to 1.25000 with five waves as shown on the updated hourly chart. It's an important bullish pattern that suggest even higher prices in days ahead, but after a three wave set-back. We think that a-b-c drop can be coming soon back to 1.2330 level where support can be seen later this week. Any corrections are now part of a new ongoing uptrend, so ...

ew-forecast ew-forecast PRO AUDUSD, 30, 2 days ago
AUDUSD: Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction
538 2 26
AUDUSD, 30
Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction

AUDUSD is trading in a correction of a higher degree, with current rally being part of wave C of 2). That said the mentioned bounce may find some resistance around the 0.7648 or if rally is stronger around the previous wave 2 at the 0.7684 level. Either way, we see this pair going to the downside in the next couple of days.

ew-forecast ew-forecast PRO USDJPY, 240, 2 days ago
USDJPY: Elliott Wave Analysis: USDJPY Could Be In For A Reversal
1066 7 24
USDJPY, 240
Elliott Wave Analysis: USDJPY Could Be In For A Reversal

USDJPY is falling sharply for the last few weeks, clearly with impulsive price action down from 115.50, but if we take a look at the whole bearish cycle from December 2016 high we should have to be aware of a new significant turn. The reason is a three wave structure, which in Elliott Wave terminology represents a corrective prince move, but it's important to wait ...

ew-forecast ew-forecast PRO USDJPY, D, 3 days ago
USDJPY: Elliott Wave Analysis: USDJPY Trading In A Temporary Correction
770 1 24
USDJPY, D
Elliott Wave Analysis: USDJPY Trading In A Temporary Correction

USDJPY is showing us a nice example of the wave principle in motion, a higher degree impulse with wave four unfolding as a higher degree three wave correction. At the moment we see price trading lower, probably in sub-wave C of four. Later, an ideal reversal zone may be seen around the 50.0 or 61.8 Fibonacci ratio.

ew-forecast ew-forecast PRO EURUSD, 240, Long , 3 days ago
EURUSD: Elliott Wave Analysis: EURUSD Trading In A Zig-zag
1186 5 30
EURUSD, 240 Long
Elliott Wave Analysis: EURUSD Trading In A Zig-zag

On the updated count of EURUSD we see price trading in a possible zig-zag correction of a higher degree, with waves A and B already completed. Current bullish rally is part of wave C, that may see more gains in sessions ahead, ideally towards the upper channel line. At the moment we see price trading at the beginning of final sub-wave 5).

ccerezo11 ccerezo11 EURCAD, 60, Short , 10 days ago
EURCAD: BREAKOUT IN EURCAD - 1H CHART
529 3 17
EURCAD, 60 Short
BREAKOUT IN EURCAD - 1H CHART

Hey Traders, Hope you had a great weekend. We have an opportunity to sell soon in EURCAD. As soon as we get the breakout look for any flag to sell for a pontential bearish impulse. Keep an eye on it. - Hey Traders, Espero que hayáis tenido un buen fin de semana. Pronto tenemos una gran oportunidad de venta en EURCAD. Así como se produzca la ruptura de la ...

ew-forecast ew-forecast PRO USDJPY, 240, 6 days ago
USDJPY: Elliott Wave Analysis: USDJPY Trading In A Zig-zag
413 1 24
USDJPY, 240
Elliott Wave Analysis: USDJPY Trading In A Zig-zag

As of recent breach beneath the sub-wave B swing of B), we modified our wave count and are now looking at a simple zig-zag correction of wave 4-circled, that is being made. That said, current breakdown may be part of wave C), that may extend its weakness towards the lower corrective channel line, ideally towards the 161.8 Fibonacci ratio.

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