OleksandrSnitko

OleksandrSnitko Updated 

Central Bank monetary policy changes are the main drivers of currency trending moves. *** FED deprived US dollar from its value in carry trades by slashing interest rate to zero in line with ECB. In 2020 both ECB and FED will struggle to feed the desired 2% inflation, which became a decent challenge due to COVID-19 pandemic effect on world economy. Besides the...

OleksandrSnitko

This forecast idea emerged a year ago. The chart was draw at the same time. Fundamentals: Central Bank monetary policy changes are the main drivers of currency trending moves. — in 2014 US dollar entered a cycle of rate hikes when FED announced its policy changes: shrinking its bond purchasing program followed by possible rate hikes in 2015. — USD reacted...

OleksandrSnitko Updated 

Fundamentals: If we consider permanent damage to the economy caused by COVID-19, we should expect a decline in corporate profits, therefore a fundamental devaluation of stocks and a great deal of uncertainty Now the market optimistically bets on fast recovery. Nobody wants to be overboard a rising stock market. This conditions remind me an Elliott Wave B...

OleksandrSnitko Updated 

Fundamentals: If we consider permanent damage to the economy caused by COVID-19, we should expect a decline in corporate profits, therefore a fundamental devaluation of stocks and a great deal of uncertainty Now the market optimistically bets on fast recovery. Nobody wants to be overboard a rising stock market. This conditions remind me an Elliott Wave B...

OleksandrSnitko Updated 

What if we are looking at running triangle? wave E = 61.8% of wave C. after DJI reached this approximate level, it energetically bounced back regaining 26000. Facebook FB already stopped falling yesterday. the exact same pattern occurred on December, 26, 2018. this is the main alternative to DJI Big Short idea, which is presented in publication "DJI darkest times...

OleksandrSnitko

In June ECB (European Central Bank) announced a new QE program. As a result EURUSD started falling on rumors. On 12 September rumors became a fact. As a result profit taking action is expected. It should drive EUR higher. At least in short-term. Only new rumors about fresh QE measures by ECB will drive EUR lower. This is a fine example of key trading strategy...

OleksandrSnitko Updated 

On Dec 27, 2018 I assumed 2 main alternatives for DJI trend in update to DJIA long term forecast (wave analysis) publication. On last Friday it became obvious that 2nd alternative is in play. (the most probable outcome) "2) bear market have just completed 1st wave of bigger drop. so price might continue downward move after a reasonable correction." — Dec 27,...

OleksandrSnitko Updated 

looks like EURUSD has formed A and B waves of ABC flat pattern. rate broke out of B wave structure. if current assumption is true, wave C should be anticipated. mid-term targets are 1.159 and 1.18. light blue line with upward slope should serve as support. if rate breaks below that line, uptrend assumption will be compromised.

OleksandrSnitko Updated 

it seems USDCHF uptrend is weak. RSI shows divergence. price action from Feb 12:50 looks like incomplete ABC corrective structure, which may also evolution to new downtrend. the fact that market rejected breakout to the upside, which occurred a few hours ago, supports this assumption. on the other hand, market is not moving to the downside, anticipating US retail...

OleksandrSnitko Updated 

Yesterday GBPUSD brake out of downward trend. I expect this upside reversal will continue. Today, it is likely that gbp will shift sideways, correcting the recent uptrend, which is marked as wave 1 (green). In mid term gbp is expected to reach at least 1.33. if recent uptrend structure holds. light blue line with upward slope should serve as support. its breakout...

OleksandrSnitko Updated 

There is a big opportunity to make profits using carry trading strategy. If you open short position on EURTRY and hold it for a year, you will gain 15.9% on swaps.(usd account) Example: short position eurtry. volume 100k - 1 standard lot. 49.67$ will be paid to your account every time you hold your position overnight. (3 times over weekend). In one year you will...

OleksandrSnitko Updated 

Ukrainian hryvnia demonstrated big gains against USD from late January to mid march. Surge was very fast. the fastest since UAHUSD recovered from biggest fall in early 2015. So I appreciate it as an active wave. I expect UAHUSD to resume its uptrend after this correction is completed.

OleksandrSnitko Updated 

Hi, folks. USDJPY shows nice upward movement. it's 1st time price climbs back above 1 std of 50 MA on weekly chart since March 2017. I appreciate this trend will drive price further up. 1st notable resistance level is 118.7 - 1 std of 50 MA on monthly chart. STD 5 is rising on weekly chart. daily chart: Long-term targets are based on fibo extensions of wave...

OleksandrSnitko Updated 

looks like DJIA is forming a triangle pattern. if it is true, wave e should not move beyond wave c (24850). estimated sell targets are: 22729, 21482, and 19464 (extensions of 26621-23368 price movement). actual targets should be updated when triangle is clarified.

OleksandrSnitko Updated 

In 2000-2009 a big correction pattern took place. (C) = 161.% of (A) In 2009 a big bull market began. 5th(purple)wave = 100% 1st one = 18267, which completed ||| wave extention. Now DJIA is inside V wave of (|||). short-term buy targets to (3) red wave are: 21295(major) and 22291, which might be reached in March. after that I expect sideways/bear market, which...

OleksandrSnitko Updated 

Hi Here is my BTCUSD wave analysis. Looks like BTC is performing a big (A)-(B)-(C) correction pattern. Now btc forms bearish wave (C), which should have a 1-2-3-4-5 structure. wave 2 is expected to form a-b-c pattern and reach next targets: 12395, 13892 and 16315. (fibo extensions of blue wave a) After that big fall should unfold. sooner or later. Target 1734 $...

OleksandrSnitko Updated 

2 feb - 3 mar bear/sideways market looks like ABC correction. (C)=(A) I expect 2 waves up in m-term before l-term bear market unfolds. m-term buy targets: 1.31 and 1.38. s-term buy targets: 1.2656, 1.2928 and 1.3369 GBP long term sell opportunity will occur in future (maybe in late May). close look at expected price action on Monday.

OleksandrSnitko Updated 

wave 4 is abc c is (1)(2)(3)(4)(5) looks like wave (3) is formed and wave (4) is forming wave (3) is 61.8% of wave (1) there is still a chance wave 4 to be a triangle, which is almost formed. but it also might be a flat if it is a triangle it might be a minor correction inside extended wave (3) anyway I expect al least one more big move down, which should show...