Hello, traders! In the current market scenario for NZDUSD, Elliott Wave analysis presents a compelling bullish case. The currency pair has recently completed Wave (4) and is transitioning into Wave (5), often characterized by a strong upward movement. The completion of Wave (4) near significant Fibonacci retracement levels—specifically the 0.382 at...
Examining the NASDAQ (US100) through the lens of Elliott Wave analysis, we observe that the index has potentially completed the cycle with Wave (5) and is now embarking on a corrective phase, denoted as Wave (a)-(b)-(c). Currently, the start of Wave (c) seems imminent, traditionally known as a strong downward move. We're targeting Wave (c) to potentially extend...
Our detailed Elliott Wave analysis of the S&P 500 suggests the index may be poised for a downturn following the completion of Wave (5). We are currently observing the formation of a corrective ABC pattern, signaling potential declines. As Wave (b) appears to peak, we anticipate the beginning of Wave (c), which is often a sharp downward movement. Based on Elliott...
Hello, traders! Taking a look at the USDJPY, Elliott Wave analysis reveals that we are currently in the midst of a corrective phase after completing an impulse wave. The completion of Wave (b) sets the stage for the commencement of Wave (c), which is anticipated to push the price higher. From the chart, we can observe that Wave (a) was a bullish retracement,...
Hello, traders! Our review of the CADCHF chart through Elliott Wave theory shows a promising bullish opportunity. The pair appears to have completed a corrective wave pattern marked by Wave (b) and is now potentially initiating Wave (c), which typically signifies a strong upward move. From the chart, we can see that Wave (a) led to a notable rebound, followed by...
Hello, crypto enthusiasts! Our Elliott Wave analysis on BTCUSD indicates that Bitcoin may be ready to make a significant upward move. After completing the corrective Wave (b), we're observing the early formations of Wave (c), which typically represents a strong bullish impulse. From the current levels, Wave (c) is expected to extend towards key Fibonacci...
The US30's recent chart formations, analyzed purely through Elliott Wave principles, highlight a compelling setup for a potential short. We've seen the completion of the motive Wave (5), indicating the end of a typical five-wave advance. This suggests the market might now be entering a corrective phase. As we transition from Wave (5) to Wave (a), it's clear we...
Hello, fellow traders! I'm excited to share my insights on XAUUSD with a focus on Elliott Wave analysis. The chart showcases a classic Elliott Wave pattern, with a notable third wave showing strong upward momentum. We are now in the corrective fourth wave, which typically sets up for another upward move. Using Elliott Wave theory, the next move I anticipate is...
Today, I'm analyzing the US30, and my Elliott Wave analysis suggests we might be nearing a pivotal moment for a potential downturn. From the chart, we've seen the US30 follow a clear Elliott Wave pattern, culminating in what appears to be the end of the fifth wave. The market seems poised for a corrective phase, which typically follows after completing an impulse...
Here's a fresh look at the NASDAQ (US100) where Elliott Wave analysis hints at a potential short opportunity. According to the wave pattern observed, we have just completed the fifth wave of a bullish sequence and are possibly transitioning into a corrective phase. The completion of wave (5) suggests exhaustion in the current trend, paving the way for a...
I'm currently examining the BTCUSD chart and have identified a compelling pattern suggesting bullish momentum. We've recently completed a classic Elliott Wave sequence with the price completing Wave (4) and gearing up for Wave (5). Wave (4) ended near a strong support level, setting up a great scenario for Wave (5) to take off. I'm projecting potential targets...
Taking a close look at the GBPUSD chart, I’ve noticed an interesting Elliott Wave pattern that may indicate a forthcoming downturn. We've just observed a completion of Wave (3), which shows a strong upward momentum. Currently, we're seeing the beginning of Wave (4), which hints at a corrective phase. The initial target for this correction based on Fibonacci...
I've been closely monitoring USDJPY and the pair shows promising signs for a bullish continuation based on Elliott Wave analysis. From the chart, we can observe that the currency pair has completed Wave (4) of its cycle and is gearing up for Wave (5). Wave (5) is often the final push in the direction of the prevailing trend, and based on Fibonacci projections,...
Our latest analysis on the USDCHF suggests that the market may be ripe for a short opportunity. Observing the Elliott Wave pattern, it appears that the currency pair has completed an upward Wave (5) and is now potentially embarking on a corrective ABC pattern. Currently, the price action has initiated what seems to be Wave (a) of this corrective phase. I'm...
I've been scrutinizing the EURUSD chart and it looks like we're seeing a compelling setup for a potential short. According to Elliott Wave theory, the pair has recently completed Wave (3) and is beginning to form Wave (4), which is typically a corrective phase. Currently, the price is oscillating and could retrace to key Fibonacci levels associated with Wave (4)...
In the current AUDUSD setup, Elliott Wave analysis suggests that the pair might be nearing the end of an impulse sequence with Wave (3) recently completed, and entering Wave (4), a typically corrective phase. The currency is showing signs of topping out, indicating potential retracement levels that could be ideal for a short position. Currently, Wave (4) has...
Our USDCAD analysis suggests a downward trajectory as the pair completes a corrective pattern marked as Wave (b). Observing the Elliott Wave structure, we are currently at the start of Wave (c), which typically follows Wave (b) and could extend significantly downward. The chart indicates that Wave (c) may target the 0.618 Fibonacci retracement level at 1.36079,...
I'm examining a potential short opportunity for USD/CHF using Elliott Wave principles. Our analysis suggests that the currency pair is nearing the completion of an impulse phase, which often sets the stage for a significant corrective downturn. The market seems to have completed the impulse wave sequence with wave (5) reaching its peak. This indicates that a...