Hello traders! Today we want to update USDJPY chart, which is moving nicely bullish as we expected at the beginning of 2021 and seems like there's room for more gains towards 2020 highs as we see an unfinished five-wave cycle. As you can see, USDJPY is in an impulsive move up, breaking even above base channel resistance line which suggests wave (3) of a...
Hello traders. Below it’s a quick update on bitcoin after current sell-off which is quite aggressive can cause more weakness especially if we see drop below 50.300 level. At the same time keep an eye on some weak alt coins that can lose even more if BTCUSD will stay sideways. In this video I looked at Monero. Have a good day. GH
It looks like corrective set-back on bitcoin from Feb highs can be finished and that there is room even for 62k, while price is above 49500 if we consider the rules of an EW impulse where wave four shoudl not move into a territory of a wave one. What I also like about the current situation is a bullish H&S pattern where bulls successfully survived the retest of...
Hi traders, I hope you had a nice weekend. In this new video update, I want to look at US-German yields differential as this may suggests where the USD can be headed next. However, technically the DXY downtrend is not completely invalidated yet, so rather than shorting EURUSD, look at USDJPY instead where I see more upside after retracement. Have a nice day. GH
Hello traders! Today we will talk about cryptocurrencies, specifically XMRUSD Monero in which we see quite clear pattern. We will talk about its price action from technical point of view and wave structure from Elliott Wave perspective. Well, if you are familiar with Elliott Wave, then you know that after every five waves, a three-wave pullback follows. And, as...
Hello traders and investors! Today we will talk about Zoom, its price action from a technical point of view and wave structure from Elliott Wave perspective. Zoom made a massive rise in 2020 as it was and it's still very useful app for video communications. However, nothing goes in straight lines, so we see it as a completed wave 3 and since October 2020, we can...
Hello traders! Today we will talk about 10Y US Notes (treasury bonds) and its correlation with gold. Well, as you may already know, treasury bonds and gold are in tight positive correlation and gold is currently down mainly because of 10Y US Notes. However, a decline looks corrective as we see 10Y US Notes trading in an A-B-C decline, while gold is in a more...
Hi everyone, I hope you had a good weekend with your family and friends. Finally, after a long time, I decided to give you some updates in a video format, looking at gold, euro, jpy, 10 year us notes and even bitcoin. If you enjoy it, please give me a feedback in a commentary box below. Trade well, GH
Hello traders! Today we will talk about the Kiwi (NZDUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. We all know the Kiwi is a commodity currency and commodities are positively correlated with stocks, so because of bullish stock and risk-on sentiment, the Kiwi remains under strong and impulsive bullish...
Hello traders! EURUSD was down in January, but it is a very rare case to find a peak at the beginning of the year, especially after recent three-wave A-B-C corrective decline only. Well, with current strong bounce back above channel resistance line, it seems like it's confirming bullish trend and we believe that EURUSD may retest the 1.2350 highs in coming...
Hello traders! EURAUD is in sharp and impulsive decline since March 2020 highs, which we think it's a weekly top formation, so we can expect more weakness in coming years, but we have to be aware of pullbacks that can ideally occur around strong weekly channel support line connected from 2012 lows. Even if we take a look at the daily chart, we can see an...
Hello traders and investors! USDJPY is nicely recovering after we noticed a completed ending diagonal and bottom formation at 102.60 lows. The price action looks strong and impulsive now, so seems like it's unfolding five waves up from the lows that can send the it even up to 106 - 107 area, just be aware of short-term wave 4 corrections, a lower degree and...
Hello traders, Here is new video analysis for BTC and ETH. Lets see if bulls are coming back soon. I think support that we shall pay attention on is at 28k followed by 24k. Let me know if you like the video in the comentary below and which markets you want me to cover next. GH
Hello traders and investors! Today we will talk about bonds and stocks, specifically about 10Y US Notes and S&P500. Well, as you can see SP500 and 10Y US Notes are in negative correlation, but of course there could be deviations, especially in the lower time frames. What we have noticed in the past years is that stocks are always bullish, especially if bonds...
Hello traders! Today we will talk about weekly USDJPY chart and we will show you many evidences for a potential bottom formation. Well, for the begining let's talk about wave structures from Elliott Wave perspective. USDJPY is in a downtrend since March, but the wave structure is slow, choppy and overlapped which we see it as a complex corrective W-X-Y decline...
Hello traders and investors! Today we will talk about single stock FaceBook in which we see quite clear Elliott Wave pattern. If you are familiar with Elliott Waves, then you know that after every five waves, a three-wave a-b-c pullback follows. Well, as you can see FB made nice and clean five waves up from March lows and currently seems like it's trading in...
Hello traders and investors! Today we will talk about cryptocurrencies, specifically NEOUSD, its price action from technical standpoint and wave strcuture from Elliott Wave theory. Well, we all know the king BTCUSD is in a massive rally, but this si mainly because of BTC.Dominance, while other weaker ALTcoins remains slow, sideways and under bearish pressure....
Low interest rates and QE from central banks caused strong bullish trend across different assets. But what we see for the last few months is pullback on gold and US bonds, while stocks are printing new highs due to covid-19 vaccine that brings back optimism for move” back to normal life and economy” in 2021. However, stocks are very high and they may face a...