ew-forecast

ew-forecast

With the dollar moving higher, watch Swissy. The bears got rejected each time after a spike for a few pips, below important swing support. A drop was also in three waves from the recent highs so I think more upside is coming. GH

ew-forecast

Aptos Token Surges on Microsoft Partnership Ahead of APT Supply Unlock Aptos with ticker APTUSD is waking up after a completed higher degree A-B-C correction in (B)/(2). Currently we can see it forming a lower degree bullish setup formation with impulsive wave 1, followed by a-b-c pullback in wave 2 that can push the price into the steepest wave 3 of a...

ew-forecast

Tesla is coming nicely into projected support area within an a-b-c corrective decline, where wave »c« can be forming an intraday wedge pattern. So, be aware of bounce and recovery in minimum three waves from projected 240 – 230 support area ahead of tomorrow's US CPI inflation report.

ew-forecast

NYSE FANG+ Index, which consists of Facebook(Meta), Amazon, Apple, Netflix, Google, Microsoft, Tesla, Nvidia, AMD and Snowflake, we see it still in strong bullish trend with room for more gains within a projected five-wave cycle. Currently we can see it slowing down within subwave »iv« correction that can find the support around 7500 – 7400 area before the uptrend...

ew-forecast

One of the main reasons why USdollar – DXY may stay weak is DXY/ZN (DXY against 10Y US Notes) ratio chart. Now that 10Y US Notes is looking for a bigger recovery, DXY could easily see more weakness, as DXY/ZN ratio chart is still looking lower, but ideally once current bearish running triangle in (B) fully unfolds, which can be in final stages. With bullish...

ew-forecast

Crude oil faced strong drop and spike back in May, which can be also considered as the final leg of wave (5) of A, so we are aware of a higher degree A-B-C recovery after strong reversal up from the lows. After a completed wave A and expanding triangle in wave B, which is tricky, but still a bullish pattern that already sent prices higher, ideally within a...

ew-forecast

On Aussie we see very strong and impulsive first leg from 0.6459 level, which can be the first higher-degree wave (1), so more upside can be seen after current pullback in wave (2) that can be now coming to an end as an A-B-C flat correction. As long as the price is above 0.6459 level, we will remain bullish. Looking at the 4-hour chart, we are tracking a...

ew-forecast

Silver has turned lower at the start of the year but drop from the high unfolded as a sharp correction that found support at 19.88, ideally, it was wave 2 as shown on a daily chart, as part of a new bullish trend possibly with a leading diagonal where overlaps are allowed. So, if we are correct then the price maybe completed a pullback in wave four after a nice...

ew-forecast Updated 

USDJPY turned down exactly from 61,8% Fibo. resistance and after reaching equal wave length of waves W=Y of a complex correction. So, seems like bears are screaming and we should be aware of more weakness in upcoming days, especially if breaks below 139.10 region, just watch out for short-term pullbacks.

ew-forecast

Bank stocks have collapsed back in March, but don't forget that markets go from pessimism (fear) to optimism (greed) and vice versa. Looking at the KBE (Bank Sector ETF) chart, we can see a completed three-wave A-B-C corrective decline after a five-wave rally, which gives us a nice bullish setup formation. So, after reaching important 78.6% Fibonacci retracement...

ew-forecast

PEPE Looks Clearly Bullish After A Completed A-B-C Correction Back In June. After a completed A-B-C correction in mid June, we saw nice and clean five-wave bullish cycle into wave A/1 till the beginning of July. Since the beginning of July, we can now see it now finishing a three-wave (A)-(B)-(C) correction in B/2 that can find the support here around 0.*012 –...

ew-forecast

Commodities are waking up from the support with the help of China stocks and there's room for more upside. Bloomberg commodity index with ticker AW made a nice three-wave (A)-(B)-(C) correction with the wedge pattern into wave (C). Unless it has alternatively unfolded a leading diagonal from the highs. Anyway, in both cases we can expect a recovery, at least for...

ew-forecast

Crypto market is clearly bullish from Elliott wave perspective. After a completed A-B-C correction back in June, we have seen nice and clean five-wave recovery, which from Elliott wave perspective indicates for more upside, ideally as part of higher degree five-wave bullish impulse. However of course, nothing goes in straight lines, so after every five waves,...

ew-forecast

Nice bounce on HSI, looks like a bottom in 2022 because of an impulse up, now right shoulder at support. China is doing everything to support its economy, but with high rates in other major countries, they just cannot pick up that easily. However, when economy in China will really start picking up that’s when commodity currencies like AUD and NZD can benefit....

06:01

ew-forecast

Hey all. In this video I will look on the ETHUSd which asha nice upwside potenial after current pause that can find a support and new buyers new 1800. One of the main reasons why Ethereum could stay in the uptrend is US Dollar which came down recently after inflation cooled down to 3% as reported last week, which can easily cause a bigger recovery for the...

ew-forecast

Dax is in an impulsive uptrend since October 2022 and it can be trading in 5th wave, but there can be still room for more upside if the current drop from ATH will stay in three waves. For now we have seen some nice bounce, back above 15700 bull/bear level so it appears that bulls are still here, especially now when price also broke through the channel resistance...

ew-forecast

Crude oil is in a nice uptrend, making some very clear extended impulse from 70.20 area where fifth wave can be extended. We also see price now approaching the 161.8% Fib target, so intraday traders should be aware of some slowdown, possibly back into wave four before uptrend may resume. If wave four is really near, then nice support is at 75.32. Also, at the...

ew-forecast

After a break out of a triangle two weeks back on Litecoin, Ripple now does the same after a huge win in its case against the SEC. This is also good news for some other ALT coins of course, but don't fall into the "over-crowed" trade here. Price is approaching imp. 0.8-1.0 level. However, price is approaching some technical resistance here at 0.8-1.00, so...