USDCAD has been trading in a corrective phase for a while. From a technical analysis view, we are bullish but we just had a short-term pullback. Overall we are in a series of 1-2's in a bullish trend. The ending diagonal contracting pattern might be able to hold and causes a bullish spike aggressive entries can be tricky/ risky the conservative entry can be a great option.
XAUUSD/XAGUSD has been trading in a corrective phase for the last couple of weeks to months that of which is over, these instruments are considered to be a safe haven. The Gold and Silver rally will unfold in the next few days to weeks.
In this video, we discuss a few pairs EURJPY, GBPUSD, XAUUSD, and USDJPY and share insights and things to look out for in the next upcoming weeks. XAUUSD analysis from a Technical analysis view we are in a bullish trend price will start buying. EURJPY, GBPUSD, and USDJPY are moving in a similar direction which is the downside.
Daily Timeframe Analysis On the daily timeframe, AUDUSD has been trading in a downtrend. We have a double zig-zag correction pattern. Waves (W) and (Y) are zig-zag correction patterns, wave (X) flat correction wave (Y) is possibly over and we could be turning into a bullish trend. Price has broken through the channel in the bullish trend. Based on technical...
EURUSD Analysis EURUSD is repeating the same structure as the one from the bigger degree as the one we are currently at. Often times we like to mention that saves 1 and 4 are never overlapped and it’s no exception here. Wave 4 touched the 50% retracement level as from previous wave 3. The are multiple ways to set targets for wave 5 one being the use of the...
GBPJPY Analysis GBPJPY recently formed a diagonal pattern which in this case we would consider to be an Ending Diagonal pattern. The sell-off could still continue prior to we haven’t seen a clear correction pattern to the downside we only see price as an impulse wave. Now we are likely to see impulse moves continue. CADJPY Analysis GBPJPY is not any different...
In this video, we talk about the impulse move forming on the USDJPY forex pair. USDJPY has been in a really strong bullish trend for a while, more than likely price will still continue in the same direction. Things to keep in mind waves 1 and 4 not overlapped, wave 4 retraced about 50%.
In this video we go over analysis for airs such as EURUSD GBPUSD USDCAD USDCHF and share insights and thoughts on what to expect on the upcoming week. The dollar has been really strong recently which made all the XXXUSD pairs to sell-off like the XAUUSD AUDUSD NZDUSD and vise versa for USDJPY or USDXXX pairs. In the next upcoming week its unlikely we see the...
AUDJPY is currently in a slow and shallow phase which we consider to a the correction phase. We have alternative count showing both directions Bullish and Bearish. Both direction have enough confluence to support its bias. Real question is do we wait or look for correlation? Option 1 We are done correcting we will soon see the market rise. The A-B-C Zig-Zag...
CADCHF recently made an impulse drop and we know that motive waves are always followed by a correction. At a current price it would make sense to wait for a pullback before the next drop continuation. Although we can't currently tell which correction we can expect as wave (B) over time we can tell. We can expect any correction pattern ( Zig-Zag, Flat, Triangle,...
The chart above is the GBPUSD and we are currently trading on the Elliott Wave Impulse phase. The sell direction is more likely to continue buying now would you be trying to call the bottom even if you see what the market is saying or showing us. Although the current price is not perfect to enter based on Elliott Wave but looking for a bit of pullback to get a...
We are currently in a bullish trend as impulse moves. We are in a 1-2 phase, which in this case means we are ready for the next rally to the upside. But for the most part we should wait for a bit of a pull-back before the next rally.
The Chart Above here is in an impulse phase. We are expecting a wave 4 correction most likely a zig-zag pattern. We can expect the price to reach the 38,2 to 50% Fibonacci level.
AUD|USD - 4H Bearish Scenario We have to keep notice of the 3 Fibonacci levels ( golden zones ) keep in in mind we are expecting a Zig-Zag correction.
We've been in a bear market on crypto for a while now and it's possible it remains that way as things are not looking good in the world. Crypto markets are heavily reliant on fundamental and sentimental analysis(people's emotions ). It might take a while before the next bounce so we are gonna take advantage of the selling opportunity although it won't last long we...
WTI is overall in a Bullish Trend and recently we saw a clear bullish Triangle occur for the 4th wave sequence an Elliott Wave impulse move. We have a clear 1-2 1-2 sequence in-game price that seems ready for the next rally up to complete the third wave on the blue degree. Although we have to watch really closely in relation to what happened to XAUUSD previously...
The Nasdaq here on the 4hour timeframe is seemingly in the Elliott Wave Theory Impulse phase ( Motive ). We can see a clear 1-2-3 sequence we are expecting a 4-5 to validate the impulse pattern. Wave (4) has multiple scenarios although the main direction is the upside to complete the fifth wave, one scenario being we will still see a drop to touch the base channel...
Price previously was in a strong downtrend on the NZDUSD, but no trend lasts forever. The market is now reversing making a bullish which in the bigger picture it's bullish. We have a clear impulse structure 1-2-3-4 expecting 5 to be extended why? Look at wave 3 extension not really strong although it's possible I'm wrong that the 1-2-3-4-5 is complete with the...