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Elliott Wave Theory Rules The Elliott Wave Theory is named after Ralph Nelson Elliott. Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves and is true for both Bear and Bullish trends...
Setup 1Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) Classic Long Our Story: 1. We have hit Support and reaction was a normal up wave no extremes - SI 25.1...
AUDUSD looks to extend further lower on its bearishness as it retains its long term weakness. On the downside, support comes in at the 1.6661 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level. A violation will set the stage for a retarget of the 0.6500 level...
The Dollar drives the market Today we can clearly see that the USD is in the lead. Almost all majors are perfectly in-line and the USD continues to gain strength against all other currencies...
Gold climbed to $1587 an ounce as the Japanese yen strengthened against the US dollar on increased safe haven demand. WTI crude slipped below $52 a barrel on revived worries that the impact of coronavirus may be longer than what many investors want to believe...
Asian equities retraced a part of Monday’s advance after Apple warned that it won’t meet its revenue guidance this quarter due to a subdued production and lower demand in China and a disrupted global supply amid the coronavirus breakout...
Pivot (invalidation): 52.20 Our preference Short positions below 52.20 with targets at 51.35 & 50.90 in extension. Alternative scenario...
Pivot (invalidation): 17.7600 Our preference Long positions above 17.7600 with targets at 18.0000 & 18.1200 in extension. Alternative scenario...
Pivot (invalidation): 1582.00 Our preference Long positions above 1582.00 with targets at 1590.00 & 1594.00 in extension. Alternative scenario...
Pivot (invalidation): 3397.00 Our preference Short positions below 3397.00 with targets at 3355.00 & 3341.00 in extension. Alternative scenario...
Pivot (invalidation): 13660.00 Our preference Long positions above 13660.00 with targets at 13840.00 & 13930.00 in extension. Alternative scenario...
Pivot (invalidation): 6.0400 Our preference Long positions above 6.0400 with targets at 6.0580 & 6.0670 in extension. Alternative scenario...
Pivot (invalidation): 0.6705 Our preference Short positions below 0.6705 with targets at 0.6680 & 0.6670 in extension. Alternative scenario...
Pivot (invalidation): 1.3235 Our preference Long positions above 1.3235 with targets at 1.3260 & 1.3270 in extension. Alternative scenario...
Pivot (invalidation): 109.85 Our preference Short positions below 109.85 with targets at 109.60 & 109.50 in extension. Alternative scenario...
Pivot (invalidation): 0.9815 Our preference Short positions below 0.9815 with targets at 0.9790 & 0.9780 in extension. Alternative scenario...
Pivot (invalidation): 1.3020 Our preference Short positions below 1.3020 with targets at 1.2990 & 1.2970 in extension. Alternative scenario...
Pivot (invalidation): 1.0840 Our preference Short positions below 1.0840 with targets at 1.0815 & 1.0800 in extension. Alternative scenario...
Waiting for the breakout The CAD was able to gain significant strength during the last days. As a result USDCAD is about to break it's current BUY trend on D1...
