On the 4h chart of NZDUSD, we see a nice looking structure from 0.6235 area, from where price took off. We are now tracking black wave three, that could be in final stages, as we already see a five wave structure from 0.62878 area. That said we may see a temporary pull-back in black wave iv, that may go to the area of previous blue wave 4-circled, where price...
On the Daily chart of GBPCAD, we see a nice bullish cycle from April lows. It looks like trend made a top as in red wave (v) and now we expect the price to make a three wave retracement. Red waves (a) and (b) seems to be completed, because of a sharp fall to the downside into a red wave (c), which should have an impulsive structure, that means five waves down,...
On the 4h chart of EURCAD, we see that price was trading in a correction, because of a slow and sloppy price action. That said price made a double zig-zag labeled as red waves w-x-y. We think that correction might be over because of a sharp fall to the downside labeled as red wave i-circled. A recent pullback to 1.4984 could be red wave ii-circled, and now we may...
On the Daily chart of Sugar, price is trading in a three wave action. We are more and more viewing this three wave action as a new bullish cycle, because of a broken upper channel line and a very sharp action in current wave (iii) . That said price could be facing a correction in blue wave (iv) in days ahead before market will continue even higher within impulse....
If we are in wave C, The price(1.166-1.18) and time(2015-09-14) area is very important. So I put the possible MACD is drawn in the chart. If an option as shown in the chart, the point C is a good short point.
We see AUDUSD moving sideways around 0.7300 level, which we see as a temporary pause within ongoing downtrend. Keep in mind that we are tracking blue wave 5-circled, which is a motive wave, so we need five waves down from 0.8160. That said we expect new low soon, probably around 0.7000. www.ew-forecast.com
Dollar is bullish when compared to Turkish Lira but we see move out from a triangle in wave (iv) as shown on the 2h chart, which means that uptrend can be in final stages to complete wave 5-circle on a daily chart. Ideally near 2.8800-2.9000. So for the short-term traders there can be still some room for longs after coming black subwave iv. www.ew-forecast.com