Elliott Wave Analysis & Forecast (Daily Update) Forex, Gold, Oil, S&P

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Target has almost been reached on the Cable: at 1.5785 wave C = wave A and the short will come back soon.

 

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EurUsd at 1.3285 should have completed its correction. Wave C = wave A, while at 1.334 61.8% retracement of the downside. The attack to 1.28 should start from this point.

 

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Wave 3 of EurAud is now 1.618 times wave 1. In area 1.41 we can find massive resistances, so that the Aussie might come to a stop in its fall.

 

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EurTry: wave C = wave A at 2.53 and retraced 78.6% of the downside. Here we can try to go long on the Try.

 

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EurJpy: the three waves of Wolfe have been completed and the market is approaching the targets of figure 124.

 

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Double top on EurNok? I would say we can try the short.

 

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A great entry opportunity on UsdHuf. Wave C = wave A and the78.6% of retracement has been reached. A buy is required.

 

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Cable: correction has been completed:

 

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Wave 4 in formation on EurNzd.

 

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A = C on gold, is the correction going to run out in area 1300 where the 20-days moving average passes?