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CADJPY pair is trading nicely as expected for the last couple of weeks. It turned aggressively down with five wave cycle from 110 area. A decline that suggests more weakness but after a corrective rally, as we already shared back on March 27. We know that corrections are made by three waves A-B-C that is now in full progress with already wave C in the making....

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ETHEREUM is slow, now still seen in an a-b-c formation with wave B underway up to 1960-2k area where we think coin can turn south once again, as drop from April high to 1800 area can be counted in five waves, as an impulse. As such, a higher degree correction may not end that soon, but it will ideally be from around 1700. I am bullish on crpytos, and think prices...

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Complex correction can be in play on Cardano as price breaks the lower side of a channel. Ideally, that's going to be a flat correction, but can be a triangle as well if drop from wave B high will be only in three legs. Support is at 0.35 then 0.3.

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US CPI came out better than expected last week at 5.0%, so we have seen some USD weakness at the start of the week, but then all of those losses got erased after FED officials said that there is room for another interest rate hike. Yields turend down, while USD is up which puts some short-term bearish pressure on the metals, that are now seen in a corrective...

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Back on March 8th we mentioned and highlighted a bullish setup formation on Solana with ticker SOLUSD, where we were tracking an A-B-C flat correction within higher degree wave (B)/(2). As you can see today, Solana a.k.a SOLUSD bounced nicely from projected support and it's now looking for a bullish resumption within a higher degree wave (C) or (3), which should...

44:39

ew-forecast

In this webinar we will take a look at some interesting developments on different markets, and where the market can move this week based on price action and sentiment.

ew-forecast

Imagine USD recovery, and "no fear" on VIX at the same time Not good combination for stocks IMO, especially when looking the extremes of 2022-2023 range. Calls at the extreme may not be a good thing.

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US CPI came out better than expected last week at 5.0%, so we have seen some USD weakness at the start of the week, but then some of the losses got erased on Friday, after FED officials said that there is room for another interest rate hike. Metals also came down, and put some bearish pressure on Aussie as well. The pair has a sharp drop from 0.6805 which...

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GBPJPY pair is still at the highs on a daily chart, which looks like a consolidation within uptrend, ideally as a bigger bullish running triangle pattern within higher degree wave (4). The running triangle is a region of horizontal price movement, a consolidation of a prior move, and it is composed of "threes." That means each of the A-B-C-D-E waves have three...

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Ripple is making a correction within uptrend, as we see it slowing down in wave 4 from Elliott wave perspective. Ripple with ticker XRPUSD is finally breaking higher in the 4-hour chart in an impulsive fashion. And, now that is back above September 2022 highs, there’s a high probability it’s in wave (3) of a five-wave bullish impulse. Well, currently we see it...

51:39

ew-forecast

In this webinar we will take a look at some interesting developments on different markets, and where the market can move this week based on price action and sentiment.

ew-forecast Updated 

Natural gas is trading bearish for the last couple of months, but we see it in a larger (A)-(B)-(C) corrective decline that can be slowly coming to an end. We are actually tracking final wave 5 of (C), which should be completed by a five-wave cycle of the lower degree. Natural gas is currently in an intraday consolidation within downtrend, ideally in subwave "iv"...

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AUD found some sellers this week and most likely after lower CPI figures reported from Australia which means that RBA is most likely going to be on hold. It's coming down from 0.68 after RBA did not change their rate decision. The recent recovery on Aussie from 2023 low looks corrective, thus it can belong to a bearish trend, especially if we also see a break...

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Cable is moving into 5th wave, as we see it unfolding a five-wave bullish impulse from the lows by Elliott wave theory. Cable with ticker GBPUSD reached a multi-year low after a capitulation back in September 2022. Notice that the price is now looking impulsive on a daily chart, clearly within a five-wave cycle, which indicates for a change in the trend from...

ew-forecast Updated 

Gold broke to a new high at the start of February, but then sharply reversed as USD rallied across the board on inflation worries. We seen a sharp sell-off, that now looks like a completed correction to 1800, as turn-up from here is now very aggressive and extended. Looks like a textbook wave three that also took out 1959 level so more gains will be expected after...

47:48

ew-forecast

In this webinar we will take a look at some interesting developments on different markets, and where the market can move this week based on price action and sentiment.

ew-forecast

Russia announced they will extend pledged oil cuts through 2023. Saudi Arabia will cut oil output by 500,000 BPD from May Crude ready to extend move next week, possibly above the trendline resistance? Weak USD and strong stocks can certainly help

ew-forecast

Silver testing major channel resistance line. think it can break as gold/silver ratio move south, but after some dip for EOM flows.