Analyzing USD/JPY on the 3-hour chart using Elliott Wave Theory, I observed that wave (4) marked the end of the recent downward correction. Following this, I am expecting wave (5) to initiate an upward move. The potential target for wave (5) is: - 160.496, corresponding to the 1.618 extension of wave (3) This setup suggests a long position on USD/JPY, targeting...
Analyzing USD/CHF on the 2-hour chart using Elliott Wave Theory, I observed that wave (2) marked the end of the recent downward correction. Following this, I am expecting wave (3) to initiate an upward move. The potential targets for wave (3) are: - 0.91639, which aligns with the length of wave (1) - 0.91871, corresponding to the 1.618 extension of wave...
Analyzing EUR/USD on the 30-minute chart using Elliott Wave Theory, I observed that wave (4) marked the end of the recent downward correction. Following this, I am expecting wave (5) to initiate an upward move. The potential targets for wave (5) are: - 1.08952, which aligns with the length of wave (1) - 1.09464, corresponding to the 1.618 extension of wave...
Analyzing GBP/USD on the 45-minute chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a downward correction, and the recent upward correction formed wave (b). Now, I am expecting wave (c) to continue the downtrend. The potential target for wave (c) is 1.26513, which corresponds to...
Analyzing BTC/USD on the 1-hour chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a downward correction, and the recent upward correction formed wave (b). Now, I am expecting wave (c) to continue the downtrend. The potential targets for wave (c) are: - 67847, which aligns with...
Analyzing NASDAQ (US100) on the 30-minute chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move, reaching the 1.708 extension at 18934.7. Following this, I am expecting wave (a) to initiate a downward correction. The potential retracement levels for wave (a) are: - 0.382 retracement level at 18754.8 - 0.5 retracement...
Analyzing US30 on the 45-minute chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a downward correction, and the recent upward correction formed wave (b). Now, I am expecting wave (c) to continue the downtrend. The potential targets for wave (c) are: - 0.618 retracement level of...
Analyzing XAU/USD on the 3-hour chart using Elliott Wave Theory, I observed that wave (5) marked the end of the recent upward move. Following this, wave (a) initiated a downward correction. I am now expecting wave (b) to start an upward correction. The potential retracement levels for wave (b) are: - 0.382 retracement level at 2391.328 - 0.5 retracement level at...
The current analysis indicates a Bearish trend for XAUUSD, provided it stays above the PIVOT LINE at 2360 as we mentioned before. The prevailing Bearish pressure suggests that if trading remains below 2360, the trend will continue a strong downward. The price is expected to rise to 2376, and stabilizing below 2360 could lead to a further decrease to 2344 and...
Please, check our technical outlook for USDCAD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.367. The above observations make me that the market will inevitably achieve 1.362 level. P.S Please, note that an oversold/overbought condition can...
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 79.46. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 77.06 level. P.S Please,...
Take a look at our analysis for GBPNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.078. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.102 level. P.S The term oversold refers to...
Please, check our technical outlook for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 2,414.246. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price...
The forecast for the Dow Jones 30 is now leaning towards a bearish trend. Prices are expected to fluctuate between 40050 and 39564. However, if the 4h candle closes below the pivot line at 39,564, the bearish pressure is likely to continue, potentially driving prices down to 39400 and 38825. Key Levels: Bullish Line: 39825, 40050, 40285, 40500 Pivot Line:...
💥Since the shock increase and decrease on Monday following the speeches of Fed officials, the gold price (XAU/USD) has had almost no significant fluctuations, fluctuating around 2,420 USD/ounce. 💥Gold is under profit-taking pressure after the precious metal hit an all-time high earlier this week. However, this precious metal still remains firmly above the level...
Hello,Friends! We are targeting the 2401.890 level area with our long trade on GOLD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
The previous updated analysis on NAS100 indicates that it has successfully reached our full target. Currently, it is expected that the prices will fluctuate within the range of 18,890 to 18,712. However, if the pivot line at 18,712 is breached, the decline is likely to extend to 18,642. Key Levels: Bullish Line: 18890, 18970, 19050 Pivot Line: 18712 Bearish Line:...
Hello,Friends! We are going short on the GBP/JPY with the target of 197.279 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅