Elliott Wave Forecast! - page 6
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USDCHF corrective retracement
Observing new and much more complex wave structure on USDCHF
OIL May Have Found A Temporary Top Around $96.60
Oil fell sharply lower last week, clearly in five waves from 97.60 which means that the trend has now turned bearish
AUDUSD Turns Back In Bullish Mode As Price Exceeds 1.0500
AUDUSD moved through 1.0500 swings which mean that wave II pull-back is complete and that larger uptrend is back in progress again.
AUDUSD Turns Back In Bullish Mode As Price Exceeds 1.0500
AUDUSD moved through 1.0500 swings which mean that wave II pull-back is complete and that larger uptrend is back in progress again.
EURUSD Could Make Reversal Down to 1.2900/50 From 1.3100 Resistance
EURUSD extended another 200 pips higher since Friday, so now we are even more confident that low on EURUSD is in place which was expected because of ending diagonal, reversal pattern placed in wave 5).
Crude Oil: Correction Appears Complete; Weakness Could Extend To 90$ Per Barrel
Oil recovered nicely in the last few days from 91.80 back to 94.75 which was expected after a completed five waves down in wave 1.
EURUSD Eyeing 1.2950 before Going Higher Again
EURUSD could make a deeper corrective pull-back in the very near-term within wave B) towards 1.2900/1.2950 support zone before pair turns higher once again for wave C).
AUDUSD Turns Bearish After A Daily Close Beneath March Trend-line
AUDUSD turned sharply lower and made a daily close beneath rising trend-line connected from March lows.
EURUSD Breaks Out Of the Range, Now Headed to 1.3250/1.3300
EURUSD finally broke out of a sideways price action into wave C); earlier than we thought but still in our primary direction
EURUSD Could Extend To 1.2900/1.2950 After Broken Support Line From 1.2745
EURUSD reversed sharply lower yesterday from 1.3200, clearly in impulsive fashion beneath rising trend-line from 1.2745 and as well as wave B) swing low.