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US Jobs had a big miss today, with 266k vs 990k expectations which can be now a one step back from tapering. As such, inflation fears remain in play which is visible through the markets price action with stocks, metals and copper moving higher whiel dollar sold off.
In video below I covered silver copper and audusd.

GH
 

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Hey traders!

Below is new video analysis for EURUSD, GBPUSD, NZDUSD, SPX, AUDJPY sponsored by Orbex.com

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May 04 2021

DAX is clearly bullish and in an impulsive fashion in the middle of a higher degree uptrend, which we currently see it's slowing down with slow and choppy price action, thus it looks like a nice corrective development for wave 4).

Well, wave 4) usually retrace for 38,2% Fibonacci retracement of wave 3) and if we consider that corrections are made by three-waves then we can assume that pullback is not done yet and that price may test 15k psychological level where wave 4) can be similar in distance compared to wave 2). All these comes in around important black trendline support also visible on a daily time frame chart so for now we should realize that bulls are still here, and ideally ready for more gains into wave 5) of 3, but after A-B-C correction in wave 4) fully unfolds.

Keep in mind that bullish trend would be invalidated only in case of bigger decline and sell-off below 14000 level!

Trade well and all the best!

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April 28 2021

Hey traders!

I just came out again with two wave counts on bitcoin and non-biased approach, and it looks like there can be some room left to the upside close to 60k.

ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. No obligations
APPLY HERE
 

Bitcoin: Short-tem Bulls Can Extend Close To 60k by ew-forecast on TradingView.com

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April 27 2021

Hey traders!

Below is new video analysis for EURUSD, NZDUSD, OIL, DAX, GOLD sponsored by Orbex.com

ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. No obligations
APPLY HERE


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April 27 2021

Commodity currencies are higher as metals hold a support while we see copper even accelerating. CAD is also one the move, now making extension after BoC said last week that it may look for higher rates already next year, rather than in 2023.

So overall CAD may stay strong until other central banks makes similar predictions regarding rates policy. As such we see CAD/JPY higher, breaking out of a downward channel so more upside can be seen especially if USD/JPY is going to hold current gains after recent BOJ Haruhiko Kuroda comments about inflation target and monetary easing program.

Technically speaking CAD/JPY could be in wave 3 now looking towards 88.00 area, also the HS target. I talked about this on twitter last week where I post a lot of other free content and analysis. Make sure to follow me here.

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April 21 2021

The USD is seeing some recovery as stock market comes down where more expected weakness in the near term means that EURUSD correction can be deeper ahead of ECB tomorrow. From a technical perspective we still see bunds at the trendline support which is another reason for a pullback on EURUSD, as warned yesterday on twitter here. Pullback is normal for the EURUSD as rally from April low is seen in five waves; so it's a pause on the way up it seems. Support is at 1.1940 and at the trendline.

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