Elliott-Waves-2_0

Elliott-Waves-2_0

The upward movement could be finished on the upside, as all minimum targets have been reached. However, I think it is more likely that we will first see 146.37 and then from there still run to the area between 162.86 and 163.1 to finally complete the movement.

Elliott-Waves-2_0

The yen is facing a long-term decline in value. Currently, a downward correction is still underway, in which another low is probably still missing. Basically, however, the signs point to rising prices in this pair. Exactly which targets will be reached in the individual upward waves will only gradually become apparent.

Elliott-Waves-2_0

The pair has almost reached the low in the current movement and should then correct once again to the range between 1.06 and 1.11 before the final low, ideal target is 0,09, so only the 0.786 extension should be reached, which is at 0.45 to 0.70 depending on the reference wave. From here, the USD should then move upwards in the longer term, but the outstanding...

Elliott-Waves-2_0

The Aussie is likely to retest the 2001 and 2020 lows, but a break does not seem likely at this time. It rather looks as if it should then go from here again in the direction of the high at 1.111 from 2011.

Elliott-Waves-2_0

The current upward movement could be completed and the turquoise (W) would be finished. Should the way to the high at 181.5 turn out to be a wxy, a correction towards 129 would now have to follow. It would also be possible that we see a wxyz, then the correction would not have to go quite so deep down.

Elliott-Waves-2_0

The yen is likely to depreciate in the longer term. With the low on March 24, the red X should have ended and the pair should already be on its way to its interim high at around 134.5. Of course, the correction could have already ended here, but this would result in targets in the negative range for the then upcoming green c, so that it can be assumed that another...

Elliott-Waves-2_0

Currently, with the low of April 26, the downward movement should be over for now and a correction should extend to the 0.777 area before marking the final low around 0.568 from here. However, there could be another low at 0.648 missing in the current downtrend.

Elliott-Waves-2_0

Gold is currently in the turquoise Z with target near the 0.618 extension. After a correction to the area of around 1800$, the rally towards 1.00 extension will be started. Here then perhaps even the 3000$ mark could be torn

Elliott-Waves-2_0

The Dax is about to complete the first upward wave of the started upward triple from the Corona low, designed as a wxyz.The high of the current wave should form in the 16460 area. After a correction to the 38 retracement at 13310 (not drawn here), it should then go up to 21400.

Elliott-Waves-2_0 Updated 

After the crash on Friday, a rally towards 1.24 should start in the next few days.

Elliott-Waves-2_0

The Aussie should have ended its downtrend with yesterday's low and now headed towards 0.8854. However, there is a possibility that the downward movement will resume after a major correction. However, this would just be my second option.

Elliott-Waves-2_0

After the rapid rise of recent weeks, should be at 1.395 end for now. Looking at the sub-waves of the last movement, today's high could also have already ended the wave. For reasons of clarity, I have not drawn these with. There are two options afterwards; either the pair rushes massively into the depths towards 1.12 or we only see a correction into the area of...

Elliott-Waves-2_0

The USD/JPY is close to its target at 148.781. The only thing missing is the completion of the 5 of the 5. In the final 5, I have refrained from drawing in the sub-waves for the sake of clarity. In the big picture, we must then wait and see whether only a major correction is pending or whether the USD will continue its negative trend against the yen, which has...

Elliott-Waves-2_0

The ideal target for the end of the downward movement would be around the 50 retracement. Subsequently, the U.S. oil brand should rise again significantly. Whether the last high is cracked, or whether only a larger correction sets in here, we will have to wait and see.

Elliott-Waves-2_0

The downtrend in gold should be on its last moves. The target of the final wave should be between 1594 and 1608. At the moment, it seems most likely that it then goes in the direction of new all-time highs, however, from the mentioned level, only a larger correction can start.

Elliott-Waves-2_0

The German benchmark index should not have reached its low yet. I expect that the downward trend should find its end in the area between 11044 and 11449 and from here, at least for the moment, a strong correction should begin, if not new record highs could be reached from here.

Elliott-Waves-2_0

The pound should probably be on the verge of a correction to the 1.24 area after the crash of the past few months. However, the final low in the area between 0.90 and 0.94 is still on the agenda to follow this correction. It would also be conceivable that the large correction of 1985 to 2007 represents an x at a higher level. This would intensify the downside...

Elliott-Waves-2_0

The current downward move should be close to completion, but it still lacks a low in the area between 0.965 and 0.971. Following this, there should be a small rally to the area around 1.08 (this can only be determined more precisely after the completion of the pending low), to reach its final low around 0.80 from here.