Different monthly counts on the german stock index suggest that final leg higher is here, so 2020/2021 may not be so optimistic. Trade well, The EW-Forecast team
Hello traders! Today we will talk about the bond and stock market and their correlations. As you can see, US and German Bonds are moving more or less together and the same thing is with US and German stocks. Of course, there are no perfect correlations, but overall looking they are in positive correlation. At the same time bonds and stocks are also more or less...
Hello traders! Today we will talk about GBPAUD and its potential bullish setup from technical EW perspective. As you can see GBPAUD is trading bullish and looking at the 4-hour chart, we can see a slow three-wave a-b-c corrective decline from the highs, ideally in wave 4 according to the 38,2% Fibonacci retracement and previous three-wave correction in wave 2....
BTCUSD made strong and significant bounce after we noticed a completed wave (v) of »c« of Y, even back above the channel resistance line. So, bulls are probably here, just be aware of a temporary pullback down to 8800 – 8300 support area, from where we may see a continuation higher. If from any reason price goes sharply and impulsively back below 7300 lows, then...
Hey Guys, Is BTCUSD a buy or a sell? I am waiting on market to show us evidence of a completed deep correction. For now, that's not the case yet. More in the video above. If you find this video useful, please press like and support our work. Thank you. GH
Hello traders! Today we will talk about emerging markets(EEM) and EURUSD. As you can see in the first chart, there's a positive correlation between emerging markets and EURUSD. Of course, there are no tick by tick correlations, but the current wave structure it's telling us that we may see a bigger recovery in the upcoming days/weeks. Emerging markets can be...
Hello traders! Welcome to the Crypto Quick Overview chart with major cryptocurrencies of BTCUSD, ETHUSD, LTCUSD, DSHUSD , XRPUSD and BCHUSD in which we will show you how the cryptocurrencies look from Elliott Wave perspective. In the Crypto market it's important to respect correlations, because they are most of the time moving together in positive correlation....
Hello traders! After that deeper corrective decline called double zig-zag W-X-Y pattern on Bitcoin , it's time to take a look at potential support levels. We decided to take a look at Bitcoin dominance ( BTC .D) against the ALT dominance (OTHERS.D), where we clearly see a corrective decline in wave 4 that can find support soon, ideally around previous wave »iv«,...
Good morning traders, one quick update on the CADJPY pair.. We see the Canadian dollar against the yen in a strong bullish activity, so despite current weakness even more upside may be seen above the 82.44 high, as we are regarding current drop as a correction. It can be wave iv, with possible support/bullish turn around the 81.7/81.6 region. Trade well, The...
Hello fellow traders, Crude oil is sharply down, where we clearly see a five-wave decline, so price is turning bearish, but some support can be near, ideally around 54.00 level. At the same time we can also see a five-wave rise on a negative correlated FX market USDCAD, so at the moment it fits perfectly with energy. However, after that five-wave cycle, we can...
Hello traders! Today we will talk about correlations in different markets! Correlations are very important to recognize the direction. There are positive and negative correlations, but what we currently see in the FX market (EURUSD), Commodity market (Crude oil) and Cryptocurrency market (BTCUSD) is that they are in tight positive correlation! So, if we respect...
GBPNZD made a very strong decline from the 2.00 area, which was in five legs. We labelled it as a higher degree impulse, that found support at the 1.827 area, from where a three-wave, corrective pullback followed. Possible resistance for an a-b-c move of 2 can be near the 1.941/1.954 region, from where we already see price falling. A drop in impulsive fashion, and...
Hello fellow traders, GBPNZD is doing exactly what we wanted to see. So, it Is still recovering from the upper base channel line, which proved to be good support for the forth wave. Wave v is now in motion, and can take price towards the Fib. Ratio of 161.8/261.8 (1.940/1.950 zone), where resistance can be seen, and a bearish turn can follow.
Hello traders! Today we will talk about Bitcoin and its dominance! Well, as you know BTC Dominance is in the sharp rise and looking at the current wave structure, it doesn't look like it's already topped yet! A potential continuation triangle formation can be also seen in the ETHBTC chart, which means that BTC is still leading! So, in our opinion, based on many...
GBPJPY is currently recovering, however in corrective fashion from the lows, which points to the fact that more weakness may be in store for the pair. We are observing a w-x-y correction in progress, with possible resistance, and reversal zone near the Fibbonacci ratio of 0.382/0.50 (129.96/131.02 area) A drop in impulsive fashion, and below the lower channel...
Hello traders! Today we will talk about US Dollar and Bitcoin! We have noticed very interesting patterns and correlation between US Dollar and Bitcoin. In the first chart we can clearly see bearish setup on US Dollar after that sharp and impulsive decline followed by a three-wave a-b-c expanded flat correction back to ideal 61,8% Fibo. retracement. At the same...
Hello traders, today we will talk about Bitcoin! Bitcoin is trading sideways since the end of June, which more and more looks like a corrective bullish triangle pattern in wave 4. One of the main reasons for this view is GBTC - Grayscale Bitcoin Investment Trust in which we also see a bullish triangle formation, so don't be surprised if BTC bounces again...
Hello fellow traders, hope you're doing great! Let's dig into some crude oil, if you will.. On Crude oil we are observing a minimum three-wave recovery in progress, up from 50.53 area, with latest rally from the 53.52 level being part of a five-wave move within the third leg (wave C or 3). We anticipate to see a temporary resistance, and a turn near the...