Hello traders, AUDUSD has been trading bearish in 2018; it unfolded a five-wave impulsive movement which is now being retraced. We are tracking a three-wave pullback which can be headed up into 0.739/0.745 region (area of former swing highs) before bulls may slow down. So at the moment we see room for more upside, but after red wave B) is finished; ideally near...
Hello traders! Let's talk about Bitcoin. Everyone is already turning bearish, but no one noticed a potential running triangle pattern. Well, Bitcoin is trading sideways for the last couple of days, which more and more looks like a correction in wave (iv) that can be either a running triangle pattern or maybe even a deeper three-wave setback down to 4650...
Hello traders! Today we will talk about USDJPY! After a big three-wave A-B-C corrective decline in March, USDJPY made a nice five-wave recovery that can be a signal of a completed correction within ongoin uptrend, especially after that possible inverted H&S pattern and intraday W-X-Y corrective pullback. So, if continues higher back above 111.60 region, then we...
Hello traders, let's talk about EURNZD! EURNZD is looking good here with a nice bullish setup after a completed big corrective decline at 1.6290 level. There's also a clear inverted H&S pattern, which indicates a bullish reversal! So, EURNZD can be now consolidating within wave (ii), where ideal support would be around 61,8% Fibo. retracement, 1.6500 level and at...
Hello traders! Today we will talk about Bitcoin. Bitcoin is trading bullish, but before a bullish continuation, we may see a deeper three-wave (a)-(b)-(c) correction back to 78,6% Fibo. retracement and 3500 level. Due to slow price action in the last couple of weeks, Bitcoin looks more and more corrective in wave (b) that can send price back to 61.8% - 78,6%...
Hello traders! Today we will talk about positive correlation between stocks and xxx/jpy cross pairs, while we are in RISK ON sentiment. Well, as you know, stocks are in uptrend and there can be room for more upside once a bigger correction fully unfolds. At the same time, xxx/jpy pairs are usually in positive correlation with stocks that can be clearly seen in...
Hello traders! Today we will talk about metals, specifically Copper. Metals are in a big rally and everyone is looking for a potential resistance, especially on Gold and Silver! But, Gold and Silver are quite unclear at this stage and it's hard to predict, where are they going to stop, so in our opinion, it's always good to take a look at correlated markets and...
Hello traders, I hope trading goes well. Well, it's been sometime since I made video analysis, so after looking at some old charts I came up with an idea to update you on some of the FX market since December video analysis. Also, I see some very interesting developments on EURUSD at the moment. I really think it's worth to keep an eye on it. Please, if you...
Hello traders! Today we will talk about Kiwi (NZDUSD) and we will show you how EW works in details if you have the right approach! Well, Kiwi made a nice five-wave rally with extended wave (v) into a wave "i" last week, which in EW usually suggests a bullish reversal! So, after every five waves, a three-wave pullback follows in wave "ii", and as you can see, at...
Hello traders! Today we will talk about EURCAD! Well, looking at the 4-hour chart, it's trading impulsively bearish, but in the last couple of weeks price has slowed down, which gave us an idea of a completed five-wave drop, where fifth wave was an ending diagonal. regardin EW, when ending diagonals fully complete, usually sharp and impulsive reversals occur and...
Hello traders! Today we will talk about Basic Attention Token against the BTC. (BATBTC) Well, cryptocurrencies look more and more interesting in 2019 after that long and big correction in 2018. So, one of those cryptocurrencies which can be showing a clear pattern and some nice bullish evidences is BATBTC. What we see is a completed big (A)-(B)-(C) correction...
Hi traders, EURGBP is unfolding a flat correction in current wave B, as part of a bigger three-wave upcoming reversal. Sub-wave C) of B can look for support and a bounce near the Fibonacci ratio of 50.0 or 61.8, from where a rally into blue wave C may follow.
Hello traders! Today we will talk about treasuries (10year US Notes) and stocks (S&P500). Well, as you may already know, treasuries and stocks are more or less in negative correlation and what we have noticed that 10y US Notes can be forming a big bullish triangle, while S&P500 can be finally finishing a five-wave rally from lows. In EW theory, triangles are...
Hello traders! Today we will talk about EURNZD which has pretty clear pattern. When using the EW, everyone can count up to five, but only few analysts have the right approach and this experience can only be gained through multi-year practice. Well, looking at EURNZD, we can clearly see a big impulsive five-wave drop away from 1.7930 highs into a wave A, which...
Hi everybody, USDMXN made a nice drop in impulsive fashion, down from 20.657 level which can be a five-wave development in the making. We can see waves 1,2 and extended wave 3 completed at the lows, so current sideways activity can be a temporary pause within the downtrend. We see this pause as a triangle correction within wave 4, which can now be trading in...
Hello Crypto lovers! Let's talk about Ethereum! Well, just like Bitcoin, even Ethereum made sharp and impulsive five-wave rally at the end of December in 2018. And such sharp legs usually indicate a reversal, at least for a bigger correction of a higher degree! So, after that impulsive leg A/1, ETHUSD dropped into a wave B/2 correction, which we see it as a big...
Hi traders, let's start the day with USDCHF. USDCHF unfolded a nice five-wave rally up from 0.971 level, which we labelled as wave 1 that is part of a bigger, five-wave cycle. The drop that followed from the 0.999 level can now be labelled as leg a, first wave that is part of a higher degree correction, which can as a whole (wave 2) look for support near the...
Hi traders, Gold is trading bullish, ideally unfolding five bigger waves from the 1211 level, as part of a bigger recovery. We can see that price found a base for corrective wave 4 at the 1277 level, from where a sharp and strong recovery unfolded. This strong recovery can be labelled as final sub-wave 5) in progress, which can look for resistance and a bearish...