Elliott wave Analysis

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Review of GOLD for a week of June 1 on simplified wave analysis
Review of GOLD for a week of June 1 on simplified wave analysis
Wave picture of the chart D1:Quotations of gold since December 2016 keep a steady vector on the "north" of the chart. The current wave formed the final part (C) in a larger-scale wave model and is not yet completed. The wave pattern of the graph H1:The price has formed a bearish zigzag since April 1...
1
EUR / JPY pair for the week of June 1 for simplified wave analysis
EUR / JPY pair for the week of June 1 for simplified wave analysis
Wave picture of the chart D1:The dominant direction of the price on the cross chart since June 2016 is set by an upward wave. The wave level of the entire motion approaches the W1 chart. The structure of the wave is not complete. Its last descending section took the place of correction. The wave pat...
2
Wave analysis of GBP/USD for June 1. Pound sterling is still very weak
Wave analysis of GBP/USD for June 1. Pound sterling is still very weak
Analysis of wave counting:At the trades on May 31, the GBP/USD currency pair lost about 60 points from the maximum of the day, questioning the construction of the future wave 2, in a of the downward trend section. The pair fails to form a significant upward trend section that could be identified as ...
0
Review of AUD / USD pair for a week of June 1 on simplified wave analysis
Review of AUD / USD pair for a week of June 1 on simplified wave analysis
The wave pattern of the D1 graph: Since September last year, the price movement of the major corresponds to the downward wave algorithm. In a larger formation, it takes the place of correction, forming a standard plane. The wave is not complete. The wave pattern of the H1 graph: In the descending wa...
0
Wave analysis of EUR/USD for June 1. The euro is in the lead, the dollar is in the shadow
Wave analysis of EUR/USD for June 1. The euro is in the lead, the dollar is in the shadow
Analysis of wave counting:Trades in the EUR/USD pair on Thursday ended in growth by 40 points. Thus, the trading instrument continues to build the anticipated first wave of the new upward trend part of the future wave 3. If this assumption is true, then in the next week the quotations increase with ...
1
EUR/USD Builds ABC Correction after 5 Bullish Waves?
EUR/USD Builds ABC Correction after 5 Bullish Waves?
EUR/USD4 hour The EUR/USD stopped at the previous highs (red) and 23.6% Fibonacci retracement level of wave X (purple). Price could bounce back down at this resistance zone but if it fails to break below the previous bottom, then price could build a larger wave X (purple) correction as indicated in ...
1
Elliott wave analysis of EUR/NZD for June 1, 2018
Elliott wave analysis of EUR/NZD for June 1, 2018
Our long-term chart shows that a long-term bottom was found with the test of 1.3860 in April 2015 and more upside towards 1.9844 is expected. The 1.9844 target marks both the 50% corrective target of the decline from 2.5804 to 1.3860, but also the Diamond bottom target. Short-term, it was a bit disa...
0
Elliott wave analysis of EUR/JPY for June 1, 2018
Elliott wave analysis of EUR/JPY for June 1, 2018
Let's start the new month by looking at the long-term chart. The weekly EUR/JPY chart shows the triangle consolidation, we have been tracking for a long time now. This triangle began way back in July 2008 giving us an almost 10 year triangle consolidation. The final leg in this triangle (wave (E)) b...
0
Overview of NZD / USD for the week of May 31 on simplified wave analysis
Overview of NZD / USD for the week of May 31 on simplified wave analysis
Wave picture of the chart D1:The major pair "kiwi" has been in the side price corridor for the last 2 years. One can single out the last bullish wave zigzag of November 17 last year. The wave level of this movement exceeds the correction level of the previous drop section.The wave pattern of the gra...
4
Overview of AUD / JPY for the week of May 31 on simplified wave analysis
Overview of AUD / JPY for the week of May 31 on simplified wave analysis
Wave picture of the chart D1:An unfinished wave of cross-country scales of this scale is counting from September last year. The wave has reached its minimum design targets. At the same time, the proportions of the parts are not completely formed. There are no signals of an early change of direction,...
0
Overview of GBP / USD for the week of May 31 on simplified wave analysis
Overview of GBP / USD for the week of May 31 on simplified wave analysis
Wave picture of the chart D1:The vector of the main direction of the trend since October 2016 forms a bullish wave. The wave level of the price rise is very high, which makes it possible to classify it as a long-term trend. Since January 25, a downward corrective zigzag is forming.The wave pattern o...
0
Wave analysis of GBP / USD for May 31. The 32nd figure is taken, still waiting for wave 2
Wave analysis of GBP / USD for May 31. The 32nd figure is taken, still waiting for wave 2
Analysis of wave counting:During the trading on May 30, the GBP / USD currency pair added about 100 percentage points, but this is clearly not enough to suggest the completion of a strong wave 1, a, of the downward trend segment. A successful attempt to break through the mark of 261.8% (1.3300) will...
0
Wave analysis of EUR / USD for May 31. The Euro took a step forward
Wave analysis of EUR / USD for May 31. The Euro took a step forward
Analysis of wave counting:During the Wednesday's trading, the currency pair EUR / USD ended with an impressive increase of more than 150 percentage points. Thus, there are reasons to assume the completion of the construction of wave 5, c, 2 near the mark of 261.8% of Fibonacci, built on the size of ...
0
Review of USD / CHF pair for the week of May 31 on simplified wave analysis
Review of USD / CHF pair for the week of May 31 on simplified wave analysis
The wave pattern of the D1 graph: On the daily scale of the Swiss currency major, the dominant wave is directed downward. In a larger model, this section of the graph closes the correction part (B). The subsequent counter-rising movement has the potential for a reversal. The wave pattern of the H1 g...
0
GBP/USD Bullish Corrective Pattern Faces Fibonacci Resistance Zone
GBP/USD Bullish Corrective Pattern Faces Fibonacci Resistance Zone
GBP/USD4 hourThe GBP/USD remains in a downtrend as long as price stays below the resistance trend lines. A bearish breakout below the support trend line (green) could indicate a potential continuation towards the Fibonacci targets of wave 5. A bullish retracement could occur above the resistance tre...
0
Elliott wave analysis of EUR/NZD for May 31, 2018
Elliott wave analysis of EUR/NZD for May 31, 2018
Wave ii/ likely saw a low with the test of 1.6624. We still need to see a break above the resistance-line near 1.6734 and more importantly a break above minor resistance at 1.6764 to add confidence in our view that a low likely is in place. As long as minor resistance at 1.6764 is able to cap the up...
0
Elliott wave analysis of EUR/JPY for May 31, 2018
Elliott wave analysis of EUR/JPY for May 31, 2018
EUR/JPY likely saw the low of wave C and (E) at 124.59 well within the 123.08 - 125.32 range. The following break above minor resistance at 126.44 and more importantly the break above resistance at 126.83 supports that wave (E) likely is complete and a new long-term rally is ready to develop. The fi...
0
Wave analysis of GBP/USD for May 30. 33 figure was only a temporary barrier.
Wave analysis of GBP/USD for May 30. 33 figure was only a temporary barrier.
Analysis of wave counting:During trading on May 29 the GBP/USD currency pair returned to the decline and, having lost more than 100 points, went under the level of 33 figures. Proceeding from this, it suggests the conclusion about the next complication of wave 1, in a, of the bearish part of the tre...
2
Wave analysis of EUR/USD for May 30. The foundation continues to push the euro down.
Wave analysis of EUR/USD for May 30. The foundation continues to push the euro down.
Analysis of wave counting:Trades on the EUR/USD pair ended on Tuesday with another decline of 100 points, to the target of 261.8% Fibonacci. Based on the current wave counting, it has long been suggested that the completion of wave 5 is complete, in c, but the fundamental data does not allow the mar...
2
GBP/USD Retraces after Sturdy Bearish Breakout below 1.3250
GBP/USD Retraces after Sturdy Bearish Breakout below 1.3250
GBP/USD4 hourThe GBP/USD bearish momentum broke below a key round level at 1.3250 and the support trend line of the descending wedge chart pattern (dotted blue). It seems more likely that price is now building a wave 3 impulse (purple) as long as price stays below the resistance trend lines (orange)...
0
Elliott wave analysis of EUR/NZD for May 30, 2018
Elliott wave analysis of EUR/NZD for May 30, 2018
The break below the important support at 1.6670 was unexpected and has forced us to shift our long-term count. This new count still favors a bullish outlook, but sees a very complex corrective structure in the wave ii. From the peak of the wave i at 1.7099 in early February, a double corrective comb...
1
Elliott wave analysis of EUR/JPY for May 30, 2018
Elliott wave analysis of EUR/JPY for May 30, 2018
EUR/JPY is now trading within the expected target-area for the wave (E) between 123.08 - 125.32. This means a long-term low could be found anytime now. That said, the negative sentiment that embraces the EUR at the moment, due to the political situation in Italy, could make the short-term price-acti...
1
Wave analysis of GBP / USD for May 29. The 33rd figure does not let the bears below
Wave analysis of GBP / USD for May 29. The 33rd figure does not let the bears below
Analysis of wave counting:During the trading on May 28, the GBP / USD currency pair found no reason to break through the 33rd figure, which is also the Fibonacci level of 261.8%. However, for the construction of the first waves in the future wave 2, the pair also finds no reasons. The trading went i...
0
Wave analysis of EUR / USD for May 29. The wave 5 of the downward pulse continues to become more complicated.
Wave analysis of EUR / USD for May 29. The wave 5 of the downward pulse continues to become more complicated.
Analysis of wave counting:During the trading on Monday, the EUR / USD currency pair ended with a fall of more than 100 percentage points and a breakthrough of the calculated mark of 1.1636, which led to an even more complicated wave 5, c, 2, of the downward part of the trend. Now, the pair is expect...
1
USD/JPY Bearish Breakout Challenges Key 109 Support Line
USD/JPY Bearish Breakout Challenges Key 109 Support Line
USD/JPY4 hourThe USD/JPY broke below the support trend line (dotted green) but price still needs to break the bottom (green line) before a continuation within C (blue) becomes more likely. In that case a fall towards the Fib targets of wave C could occur whereas a bullish bounce could indicate that ...
0
Elliott wave analysis of EUR/JPY for May 29, 2018
Elliott wave analysis of EUR/JPY for May 29, 2018
The rally from 127.11 became much smaller than we expected and the following break back below 127.11 shifted our count back to the prior preferred count calling for a decline to 125.32 before a possible low of the wave C and (E) is in place. Short-term resistance is seen at 127.28 and a clear break ...
2
Elliott wave analysis of EUR/NZD for May 29, 2018
Elliott wave analysis of EUR/NZD for May 29, 2018
EUR/NZD extended its decline to the 200% extension-target of the wave A/, which is seen at 1.6691. It's possible that we will revisit this low, but we should stay above the important support at 1.6670 for a new impulsive rally towards 1.6903 and above here there will be the first strong indication t...
1
Overview of the currency pair USD / CAD for the week of May 28 via simplified wave analysis
Overview of the currency pair USD / CAD for the week of May 28 via simplified wave analysis
Wave picture of the chart D1:The major dollar chart of the Canadian dollar since September of last year forms an upward wave. The nature of the movement is flat. In a larger wave formation, the wave corrects the main trend.The wave pattern of the graph H1:The last wave is up, from April 14. In the s...
0
Overview of GBP / JPY for the week of May 28 on simplified wave analysis
Overview of GBP / JPY for the week of May 28 on simplified wave analysis
Wave picture of the chart D1:The last, actual for this scale chart wave counts from October 2016. The wave has a high wave potential, with the prospect of moving to a larger scale of motion W1. Since February this year, the price has been adjusted.The wave pattern of the graph H1:The rate of price m...
1
Wave analysis of EUR / USD for May 28. The euro gets the opportunity to grow.
Wave analysis of EUR / USD for May 28. The euro gets the opportunity to grow.
Analysis of wave counting:During the Friday's trading, the currency pair EUR / USD ended with the development of the calculated mark of 1.1649, which is called the point-to-point. The dynamic withdrawal of quotations from the minimum reached again allows us to assume the completion of the constructi...
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