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

[elisab]

Wave 4 is forming on EurHuf. Long in area 290 at very low risk

 

[ashoknp]

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).

 

[ashoknp]

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.

 

[elisab]

5 bullish waves for EurAud and rise above the 200 days moving average. For EurAud, the rise has just begun. We are waiting for the correction to go long!

 

[ashoknp]

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

 

[elisab]

The A-B-C correction is ended, for UsdTry. After the bullish boost in 5 waves 1.745 – 1.828, the correction ended close to the 61.8% of retracement. It’s time to leave the Turkish Lira.

 

[ashoknp]

Eurusd chart

 

[ashoknp]

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.

 

[elisab]

The correction of EurHuf has stopped on the 38.2% of Fibonacci (wave 4?). At this point we should assist to the last wave of this bull market that should take the cross back to area 308.

 

[ashoknp]

GOLD Could Make A New Bearish Reversal After Recent Pull-back To 1420

GOLD rallied nicely in the last few sessions which was expected as we needed a three wave rally in wave 4. For now, the bounce is unfolding very nicely, but we need to see 38.2% hold to turn straight down again.