Forex_Maniacs

Forex_Maniacs

The 4 hour is down against 1879.8. 1-hour is down against 1752.46. Near term, while rally fails below 1752.46, expect Gold to extend lower to correct cycle from December 2016 low to 1420 – 1668. We like selling rally in 3, 7, 11 swing.

Forex_Maniacs

We're expecting an intraday advance on Gold to complete wave ((c)) of y of (ii) zigzag pattern. A buy stop @ 1842.958 against 1832.461 will help us catch the bullish move. The potential target is 1862.973 (78,6% Fib) where we will be expecting the bearish reversal.

Forex_Maniacs

USDCHF is heading lower correctively and seems to be making a double zigzag correction. We entered a short position at the touch of the blue box and set buy limits at the lower blue box (also the TP point for the sale).

Forex_Maniacs

USDCAD seems to have be creating a simple zigzag corrective pattern in wave B. We favor short trade it hit the lower blue-box then buy up to the upper blue-box before selling.

Forex_Maniacs

USDCAD seems to be completing a simple zigzag corrective pattern in wave 2. We favor long trade if the price breach the 1.26874 confirmation level against the 1.26004 invalidation level.

Forex_Maniacs

Dollar Index is in a corrective phase to complete wave 4. Currently, we see wave Y developing to complete corrective wave B before we resume the last leg down. We expect wave Y to end at 50-61.8% retracement.

Forex_Maniacs

We forecast that gold completed its double correction that took the form of wave WXY. It has now resumed the bullish trend and now wave 1 is complete. Correctly, we anticipate the correction to be a simple zigzag (ABC) before we resume the bullish trend to complete wave 3.

Forex_Maniacs

CHFJPY appears to have complete the bullish trend and now entered into a corrective phase. Looking for sell opportunities.

Forex_Maniacs

Short Term Elliott Wave View in EURUSD suggests the decline from February 10, 2022 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from February 10, wave (1) ended at 1.0806 and rally in wave (2) ended at 1.1185. Pair then resumes lower in wave (3) and ended at 1.0348. Wave (4) corrective rally is presently in progress with internal subdivision...

Forex_Maniacs

We can see that EURCHF has been trending down and recently completed the five waves down. The correction is currently underway and after it completes we expect the bearish trend to continue to complete wave 3.

Forex_Maniacs

We expect USDCAD to continue with the bullish cycle. Any correction is an opportunity to buy.

Forex_Maniacs

We are currently completing wave 4 correction and we expect to resume the bullish trend.