Today's fundamentals are very bullish for NZDUSD. The price is currently forming a high momentum bullish candle on a daily, violating a key horizontal resistance. It opens a potential for a further bullish continuation next week. Goal - 0.6058 ❤️Please, support my work with like, thank you!❤️
Hello TradingView community, We are examining the CHFJPY pair on the 4-hour chart, where Elliott Wave theory presents a promising long opportunity. After a significant upward movement marked by an impulse wave sequence, the price has retraced in what appears to be a corrective wave. Currently, the pair seems to have completed wave (a) of this correction and is...
In the 4h, 1h times, it has been moving in a downward channel, which has now hit the specified resistance level after exiting the downward channel and is associated with selling pressure. Two behavioral scenarios in 4h time can be imagined for it. 💎 The first scenario: if it returns with a resistance level, if it does not have the ability to break the zone, it...
GPBUSD confirmed an expanding channel breakout with the NFP. So here we are anticipating a bullish rally to the upside based on the confirmation identified. I am personally targeting the previous swing highs formed on the left for a decent profitable long entry.
Analyzing the AUDCHF pair on the 3-hour chart through Elliott Wave theory, we see a compelling opportunity for a short position. The price action has completed what appears to be an impulse sequence up to wave (5), followed by the start of a corrective ABC pattern. Currently, the price is consolidating around a significant resistance level marked by the peak of...
Our current analysis of USDCHF on the 2-hour chart presents a compelling case for a long position using Elliott Wave theory. We've observed a clear impulse pattern followed by a corrective phase, which appears to be nearing completion. Currently, the price action in USDCHF suggests that wave (4) is concluding around key Fibonacci retracement levels—specifically,...
In our latest review of the GBPJPY on the 3-hour chart, we've identified a compelling setup for a potential long position based on Elliott Wave theory. The chart displays a sequence that suggests we are nearing the end of wave (4), and are about to embark on wave (5), which is expected to be an impulse wave leading to new highs. After a significant pullback in...
The USDJPY pair on the 2-hour chart shows a significant setup for a potential long position according to Elliott Wave theory. The currency has completed a steep decline that we interpret as wave (4), following a robust impulse wave that peaked in wave (3). Currently, we see that wave (4) might have found its low at 151.859, identified by the 0.839 Fibonacci...
In the latest developments on the EURUSD 15-minute chart, we observe an interesting setup for a short position using Elliott Wave analysis. The currency pair has completed an impulsive structure up to wave (3) and is currently forming wave (4), which seems to be a retracement phase. We can see wave (4) potentially stabilizing around key Fibonacci levels before...
NZDUSD is looking bearish in HTF 1. Conditional Scoring: Bearish sentiment is derived from expectations of deteriorating economic conditions in New Zealand relative to the US. 2. COT-FILP: Bearishness is based on speculative positioning in the futures market, where traders anticipate a decline in the NZDUSD exchange rate. 3. Seasonal Patterns: Bearishness...
Hello TradingView community, In this analysis of USDCAD on the 30-minute chart, we see a promising opportunity for a long position based on Elliott Wave theory. The pair has completed a classic impulse sequence up through wave (3), followed by a corrective phase that appears to have ended with wave (4). The recent price behavior suggests that wave (4) has found...
Hello TradingView community, In the AUDUSD pair, we have observed a fascinating development on the 15-minute chart using Elliott Wave analysis. The price action completed an impulse pattern through waves 1 to 5, followed by a corrective move that appears to be shaping up as an ABC correction. We're currently witnessing wave 'b' nearing its end at a Fibonacci...
Hello TradingView Community, Today, I'm analyzing CADJPY on the 4-hour chart using Elliott Wave theory, which presents an optimistic view for a potential long position. Our analysis suggests that the market is currently in a corrective phase after a robust impulse wave. From the chart, we can see that the price completed a five-wave impulse sequence leading to a...
Hello TradingView Community, Let's delve into the NZDCHF pair, which is currently displaying a compelling setup for a short position, based on Elliott Wave theory. Analyzing the 30-minute chart, we can see the completion of a five-wave sequence followed by what appears to be a corrective ABC pattern. Following the peak of wave (5), NZDCHF has embarked on a...
Hello fellow traders, Today, I’m presenting a short trading opportunity for GBPUSD, analyzed through Elliott Wave theory on the 30-minute chart. The price action recently completed a five-wave impulse structure, followed by a clear corrective pattern, indicating potential further declines. We can observe that after the fifth wave peak, GBPUSD entered a...
The USDZAR pair is trading below both its 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), having formed a Channel Down (blue) since the start of the year. The 1D RSI hit the bottom of its Rectangle, so even though there is some limited downside on the Channel Down before forming a Lower Low, the reward is much higher on the upside. Assuming a Lower...
The price has hit the downward trend line with the formation of AB=CD harmonic pattern and we see a negative divergence in the RSI indicator. It is expected that we will see the price drop in the first stage up to the range of 0.8910
EURUSD may retrace from a wide intraday horizontal resistance cluster. I already see some sings of weakness of sellers: double top formation on an hourly time frame and multiple rejections. I think that the pair may reach 1.0705 level today. ❤️Please, support my work with like, thank you!❤️