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Elliott Waves Of Euro Ahead Of FOMC
Dec 11 2019
Good morning everyone.
Markets are slow ahead of the US rates decision and press conference where markets are pricing in 98% chance that FED will not change rates, so market mover can be only a Powell’s tone on a press conference. If he will be start pointing on more rate cuts for next year, then DXY may fall, while hawkish tone may of-course help the buck to find some support. Technically speaking, I see bearish pattern for the USD, especially when looking at the intraday EURUSD structure where we see five waves up from 1.0980 followed by a three wave drop from the highs, so more upside can be coming. But as always a more complex correction is possible with failure moves, especially during important events like this one today. As such, real invalidation level of the euro bull move remains at 1.0980.
(VIDEO) Risk-Off In Play
Dec 03 2019
We see some interesting volatility on the markets, not only on stocks, but also on FX, treasuries and even crude. So what is important to track and where we go from here?
Well, because of important of the waves I see, I decided to make a new FREE VIDEO
Please pres like if you will love the video below.
Also, today is last day to take advantage of Black Friday Discounts.
Both AUDUSD and Hang Seng Turning Bearish – Elliott wave analysis
Nov 29 2019
Good morning traders,
AUDUSD made a five-wave move to the downside from 0.693 area where a former corrective wave b found a top. This drop in five waves, and the break below the trendline connected from 0.667 low is now a suggestion that the trend is turning bearish, and that further downside may be seen, especially once the corrective wave ii) with its three legs fully shows up. That said, at the moment we are tracking final stages of a minor Elliott wave ending diagonal within a fifth wave in leg i), which can once completed push price into a sharp corrective a-b-c recovery; potential resistance for the wave ii) can be near the 0.684 region.
Hang Seng Index and Aussie are in a positive correlation, meaning if one goes lower, the other one will follow.
On the daily chart of Hang Seng Index, we see a clear, completed corrective pattern from August 2019 lows, which is now being followed by a sharp decline that can unfold in five waves. Also keep a closer look at the lower trendline, which is connected from August lows; once it gets breached, that is when further downside may be seen, not only on Hang Seng, but also on aussie.
Below we also shared a VIDEO analysis where Grega gives further outlook on the market.
The EW-Forecast team
Elliott Wave Analysis: Walmart Ready To Top?
Nov 27 2019
Hello traders and investors. In this article we want to warn you about the potential top formation on Walmart.
We are tracking many markets across the globe such as bonds, treasuries, FX, Commodities, Indicies, single Stocks and even cryptocurrencies. So, we try to understand how they are moving and how they are correlated. Many markets are currently trading at the key levels, especially stock market for example, such as S&P500, which (despite current rise) may see limited upside and potential resistance soon that can lead into a correction. In such cases we are always scanning single stocks and try to find some interesting and similar developments that can give us even more evidences and confidence about the outlook.
Well, at this point we found very nice and clear patterns on Walmart. What is interesting, is that no matter which time frame you are looking at, we see EW pattern in late stages of a current rise based on two different counts.
On the first count we are looking at the ending diagonal, currently with three sub-waves up in V, so resistance can be important here around upper red trendline.
Another, different view, which also suggests limited upside is on the weekly chart, that show possible five wave rise, now with fifth wave out of a triangle. So again, upside can be limited since we know that moves out of a triangle are final in a higher degree trend. That been said, we would not be surprised by a pullback, if not an impulsive turn.
Elliott Wave Video; AUDUSD, 10 year and Gold
Nov 25 2019
IN our past updates we have been talking about bullish reversal on 10 year US notes, which is now confirmed because of five waves up from November low. At the same time, we think that Gold may find some buyers. In video below I will also talk about AUDUSD and HSI.
Will US Treasuries Turn Back To Bullish Mode?
Nov 15 2019If you are following me on twitter or here on our website for some video updates, then you will know that I have been bearish for the last few weeks on a 10 year US notes when identified a reversal down for wave C that was pointing back to September low. I have been waiting on this level before I may again consider a reversal in price. Well, this is exactly what is happening now; we see a very nice move higher so far; away from C=A equality level with current rise eyeing that falling trendline from October higher. If this one is broken, then we think that change in trend would be confirmed, which means more upside will happen and eventually this could be a major game changer for equties and yen crosses as well. At the same time, gold may attract more buyers.
Will Gold Find A Support at 1440/1450? VIDEO
Nov 08 2019
Gold is turning down this week as USDCNH declines and stocks rises. But what we see is some interesting developments on stocks and 10 year US notes which may actually suggest that bears on gold can stop at 1440/50 area. Of course next week will be very important, but it can be interesting for possible trades if gold suddenly finds a support and recovers in five waves.
For more info about my view please check the video below.
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