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USDCAD : Correction In View

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Dec 11 2015

USDCAD is at new highs once again as expected, following recent pullback to 1.3515 that we labeled it as wave (iv). This was just a minor correction within extended and sharp wave 3 that can be targeting 1.3700 area where gains may slow down. Ideally pair will turn into a new correction next; wave 4 of a higher degree.

USDCAD, 4H



EURUSD Update II: Price Is Higher As Expected

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Dec 04 2015

EURUSD turned sharply up from the low yesterday after the ECB press conference, but this move has been technically expected even ahead of the ECB decisions as we identified an ending diagonal in wave 5) of (3). We know that ending diagonal usually causes a sharp and aggressive turning point so current move up is not a surprise. We see leg up as wave A), part of a minimum three wave rally in wave (4) that can reach even 1.1070 this month. However, in the next few days we may see a retracement down in wave B) back to around 1.0760; potential support. Nothing moves in straight line.

EURUSD, 4H



Euro Bears Are Losing Strength; Correction In View

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  Dec 02 2015

EURUSD is at the lows but it's moving very slowly so we think that price is in wave 5) of an extended blue wave (3). However, there is room for a move down to 1.0480-1.0500 area before we may see a bounce. Ideally market will recover at the start of December with three waves if we consider that wave 5) can be now an ending diagonal which suggests that current bearish leg is nearing a completion.

EURUSD, 4H



S&P500 : New Highs Underway

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Nov 19 2015

S&P500 is trading sharply higher following a bounce from 1997 on Monday where we labeled end of a three wave decline. It was a corrective move in wave 4) that sent price up into wave 5) which will be targeting new highs. Notice that upper trendline of a downward channel is broken so more gains should follow in days ahead. High of 2112 can be taken out soon which will lead to more gains; up to 2150-2170.

S&P500, 4H



10 Year US Notes Suggest More Gains On S&P500

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Nov 17 2015

Good day my readers!
After a long time I looked at the wave count of 10 year US notes to confirm my view on stocks. For those who are following my analysis, particularly on Twitter, will know that I am bullish on equities. After-all, how can someone be bearish if market is trading near all-time highs!? Anyway, some major global indexes turned nicely up in the last 24 hours, so if this trend will continue then US treasuries should fall as yields rise. Well, I checked the wave structure on 10-year US notes and see nice and clear bearish pattern in progress with an impulsive personality. Latest bounce appears to be only a contra-trend reaction, labeled as wave four which suggests more weakness in sessions ahead. If that is correct then S&P500 should stay bullish.

In fact S&P500 rallied with five waves from yesterday lows (charts available to members only) so more upside should be seen in sessions ahead. Ideally any decline will be short-term only as part of an uptrend.

Trade well,
Grega
 
10 Year US Notes wave count, and comparison with the S&P500

Elliott Wave Video: USDJPY and DAX

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Nov 10 2015

In our latest video analysis I will walk you through the USDJPY and German DAX intra-market analysis, and highlight the Elliott Wave patterns that can send USDJPY even to 125.00 this month.

Trade well, Grega


DAX : Bulls May Continue Higher After Any Pullback

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Nov 09 2015

DAX moved higher on Friday, it finally broke out of a triangle formation in fourth wave as expected. As such, current leg up can be final within extended impulse, but there is still room for 11150-11200 area before we may see a new correction. Ideally any deeper retracement will be corrective red wave 4) of a higher degree as shown on the updated count. Clearly DAX is in bullish mode so it's important so stay with a trend and label the wave count in the direction of a primary trend!

German Dax, 4H




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