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

[elisab]

A-B-C completed on Eursek, a great chance to enter short. Look at how many resistances are there between 8.50 and 8.55!!

 

[elisab]

Wave 5 on GbpNok. Are we facing the beginning of a new bull market? In case wave 5 breaks upward the long term down trend line, maybe yes.

 

[elisab]

Wave C equal to wave A on AudJpy on Friday. Next week is going to be a difficult one for the Aussie.

 

[elisab]

After the end of the 5 bullish waves, a correction towards area 1.25 is quite likely for EurAud.

 

[ashoknp]

GBPUSD Could Turn Bearish This Week

GBPUSD has extended higher in the last two weeks after broken trend-line connected from above 1.6300.

 

[ashoknp]

S&P 500 Is Showing a Top Formation At 1597 Based on Elliott Wave And H&S Patterns

Recent pull-back represents a wave 2/B as we labeled a decline from 1597 as a leading diagonal in wave 1/A.

 

[elisab]

The correction of CadJpy is closed with a perfect A-B-C where wave C is equal to 100% wave A. Below 95.70, fall of at least 100 pips.

 

[ashoknp]

USDCAD is Eyeing More High in Coming Week.

Expecting higher on USDCAD in coming week as recent correction is black wave 2.

 

[elisab]

Bearish engulfing pattern for EurAud yesterday, and oscillators in overbought. It’s time to start wave A.

 

[ashoknp]

Crude Oil Is Looking Impulsive On the Intra-day Basis; Could See $93.00

Oil is forming an impulsive price action from 87.87 swing low. The reason is recent strong reaction towards 92.00 figure yesterday which has been very strong and sharp in short-period of time. That’s a personality of a third wave