josephdahrieh

josephdahrieh

GBPJPY ended 5 clear waves and we are looking at current levels as interesting bear levels. it can reach 193.20 with a stop above that level near 195.50 would be great. bank of Japan will be tightening policy very soon because of the inflation figures and some pressure form wages. thus stronger yen will dominate other currencies. always calculate the risks.

josephdahrieh

last move on the Aussie Dollar was clear in a 5 waves meaning the upside is impulsive.? however lets not forget that the Aussie Dollar is a currency that loves to retrace a lot during corrective moves. 61.8 or 76.4 percent Fibo is expected. looking forward to buy this pair for a long period. with Stop @0.6280 and targets 0.6830 / 0.7130

josephdahrieh

Oil has finished a clear downward move and now a 3 waves up are expected to happen , many things can affect oil prices and especially geopolitical tensions in the red sea. different targets in view. 77$ a barrel then 79$ is the second target.

josephdahrieh

Hello Traders, AudUsd is completing wave 2 or B when it comes to daily elliott waves analysis we are looking forward to long this pair from current levels or from 0.6430 level which represent 0.764% fibo levels. the pair loves deep retracements but we will be aware of any extended waves soon , and put our stop losses near 0.6250 levels.

josephdahrieh

Gold is near ending 5th wave from the impulsive wave starting from 1617$ per ounce, i am looking for a three wave pullback towards 1937-1840 area to enter longs again targeting new highs towards 2350/2500 $ per ounce. we might see 2055/2060 before this correction might start.....

josephdahrieh

Traders , Silver retraced 50% fibo retracement from the extended 3rd wave based on elliott count!! we are looking to long silver now with a 23$ as first target. for short term scalping kindly wait for a 20cent pullback from here before buying the commodity. good day!!

josephdahrieh

still expecting a missing leg upward on the pound , in addition to that all technicals and fundamentals on the US dollar is showing weakness towards 101.25 area with lower pace in the tightening policies from the FED we will continue to see stronger foreign currencies even if their economy is not doing well!!.

josephdahrieh

Gold targeting 1680 in the coming sessions after finishing 5 waves down!!

josephdahrieh

The pair is trading in a sideways triangular area, that doesn't mean it is a golden opportunity to buy , but this is the scenario in which i prefer to go long and target 100% Fibonacci expansion. excluding Job reports some bad figures are showing up in the United states when it comes to industrial and services growth... thus meaning same/slower pace of...

josephdahrieh

the GBP/USD pair is showing some signals of an impulsive wave formation, i am expecting a wave 4 pullback near 1.2080/1.2050 area in order to long again targeting 1.2380/1.2690 region medium to long term. with some geopolitical tensions we might see a strong US dollar in the coming sessions considering the Dollar index a safe haven. tomorrow we will have 50BP...

josephdahrieh

hello Traders, Aussie reached 100% fibo expansion , meaning we are still in a corrective zone. after the clear divergence on the RSI i am looking forward to long the pair with a stop near 0.6680 and a target of 0.7030. the tightening policy from the USA and the strong dollar is what put a pressure on the aussie lately.

josephdahrieh

the pair is trading sideways waiting for the ECB decision tomorrow, the triangle is a continuation pattern, meaning more upside is awaiting the Euro dollar pair, 1.0740 was the resistance i was waiting for and apparently it is holding for now, a pullback of wave (e) is then expected , a minor pullback to be precise. good luck buying the pair.

josephdahrieh

after discounting the tightening policies from the FED, by raising rates for he next two meetings by 50 bps , the market discounted the news already and the main focus is on the month of September in which the FED can pause or reduce the rate hikes again to 25bps meaning the risk sentiment is back on to the market and we might see more recovery to the American...

josephdahrieh

Euro pair recovered nicely after an extended wave 5 which is not very common for currencies, however this pullback might reach previous tops meaning 1.0930 and if broke 1.1183. i prefer to trade the euro for a long position however the best entry is to wait for a minor pullback near 1.0630 area. in addition to the conference of president Lagarde tomorrow in which...

josephdahrieh

the pair is to bounce to cover 1.1270 gap. if 1.0460 holds and does not close a daily candle under. the euro can recover either by the ECB starting a tightening policy soon or by dxy weakness.

josephdahrieh

this analysis is a long term view of the bitcoin, this does not mean an end to cryptos in general however with the uncertainty in the capital markets and the risk sentiment off i see that a move lower will be more interesting to buy again

josephdahrieh

gold is completing a wave 2 of a new impulsive wave that might target 2200 and 2370. wave 2 might be done near 1890 level however technically we might revisit 1877-1860 level before the uptrend might begin . done mention to me the tightening policies but think of a potential recession and stagflation scenarios.......

josephdahrieh

the pair is still biased to the downside with the rise in oil prices the cad might gain as well, meaning that any war halt will take the dollar index down again since it is playing a major role as a safe haven recently. Usdcad is the best investment at the moment for a long term view.!! good luck!!