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Jan 18 2021

Hello traders!

If you are familiar with EW, then you know that after every five waves, a three-wave corrective setback follows before we may see a trend continuation, in this case bullish one. And as you can see on the 4h chart below, EURJPY made nice and clean five-wave recovery from 121.60 lows which actually confirms a bullish trend. Well, after recent sharp and strong decline, it seems like it's trading now in an (A)-(B)-(C) correction that can send the price back to 124.55 – 123.85 support zone from where we can expect aanother resumption of an uptrend.

The main reason for JPY weakness in the upcoming weeks can be also USDJPY chart where price is trying to break out of a bigger daily wedge pattern that can be indicating the bottom and a bullish reversal in progress.
Trade well!
  

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Jan 18 2021

Hi there!

New crypto video analysis is here, in which I will be talking about current pullback on bitcoin and some other ALT coins with room for deeper prices. I will also look at AMD and NVDIA stocks to figure out where are we headed and what this can mean for the cryptocurrencies.

Our 30% discount on yearly membership is still active, if you want to apply; plus you will receive a free EW educational videos.
APPLY HERE

Trade well!
GH

  

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Jan 07 2021

The US dollar has seen a mixed reaction in the last 24 hours despite higher stocks which erased some of the losses after Trump's protestors take over the senate chamber. I still think upside can be limited and that these early year flows can be reversed. There are potential ending diagonals on a different markets that can limit the upside.

But for now too soon to take any action on that picture; I want to see this week closing prices.

In video below I looked at EURUSD, DAX, SP500, USDJPY and GOLD.

Our 30% discount on yearly membership is still active, if you want to apply; plus you will receive a free EW educational videos.

Trade well!

GH



  

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Dec 29 2020

Low interest rates and QE from central banks caused strong bullish trend across different assets. But what we see for the last few months is pullback on gold and US bonds, while stocks are printing new highs due to covid-19 vaccine that brings back optimism for move” back to normal life and economy” in 2021. However, stocks are very high and they may face a retracement next year, maybe even based on “buy the rumour sell the news impact”. In such case investors may look to hide in bonds or metals.

From a technical point of view we see US Treasurys bullish on a weekly scale, and they are unfolding five waves up from 2018 low where 5th wave is still missing as shown on 10 year US notes chart. If you are familiar with Elliott Waves, then you know that impulses need to be completed with five waves so new highs can be in the cards in 2021. In fact, current price action since March on the 10 year is slow and sideways, so based on personality and characteristics we believe it’s corrective wave 4. If we are correct, then more upside on 10 year is also going to be supportive for gold that may breakout of a bullish flag. Some traders and investors may also look at TLT here around current trendline support.

Happy holidays and all the best in 2021.

Trade well!

GH

 

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Dec 23 2020

Hello traders,

Below is new video analysis, talking about Bitcoin which broke to a new all time high. However, the optimism is increasing visible through calls like "we are going to 300k", "FIAT is dead because of QE",  and also google search "bitcoin" is popular these days so when something like this happens then you know that it's good to be patient and be aware of a reversal. And as I said so many times before, everyone are looking for upside levels, but only a few are aware of a real downside risk.

Enjoy the video,

Grega


 

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Dec 22 2020

Hello traders,

Below is new video analysis, covering euro, aussie, gold, dax and crude oil

Grega

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Dec 21 2020

Markets are in risk-off mode after new covid strain boosts the dollar. At the same time we see only gold moving higher meaning traders are concerned about the current covid situation. Plus, there are end of the year flows and position adjustments which is also very important driver for reversal as we approach the holidays.

On German dax we can see that price is turning down from a new high after it touched the upper line of an EW channel. We see a sharp intraday weakness right now which makes us think that top can be put in place for wave five and that lower prices may follow. Divergence on the RSI may also indicate a potential top so be aware of an A-B-C retracement, ideally back to 12300-12500 support early in January.

If you love the analysis or you are interested in market-sentiment cylces then you may want o look at our Elliott Wave charts and members-research at www.ew-forecast.com

GH