Aftermath of December US Non-farm payrolls

GBPUSD 5 Jan 1 Hour Mid-day NY

Last Friday, US added 156,000 job numbers in December Non-farm payrolls followed by a 204,000 rise in November previously, which was bigger than estimated. Whereas the Median forecast for December Non-farm payrolls was estimated at 175,000 jobs. The jobless rate marked up to 4.7 percent as the labor force grew. And wages rose 2.9 percent from December 2015, thus helped US Dollar & Indices to rally, significantly pushing SPX & NASDAQ to new all-time highs. Average hourly earnings advanced … [Read more...]

Under Armour (Sportswear) Ready for Glory Days

Under Armour ( UAA ) 01.02.2017 Monthly Chart

SportsWear Market Analysis When people talk about Sportswear , you will always hear either Nike or Adidas as they are the most used brands in the world despite other known names like Puma , Asics or Converse . Nike established it self as the world’s leading innovator in sports related footwear, clothing, tools and accessories beating Adidas which is the largest sportswear manufacturer in the European Continent . However in 2014 , Under Armour ( American sports clothing and accessories company ) … [Read more...]

GBPUSD Elliott Wave Forecast 1.10.2017

GBPUSD-6020170109205614

GBPUSD is showing a 5 swing bearish sequence from 12/6 peak (1.277) which favors more downside. The decline from 12/6 peak is unfolding as a double three where wave (W) ended at 1.2198 and wave (X) ended at 1.2432. GBPUSD has since broken below wave (W) at 1.2198 which suggests that the next leg lower has already started. Near term focus is on 1.2025 - 1.2072 area to complete wave W and end cycle from 1/5 high, then pair should bounce in wave X to correct cycle from 1/5 high (1.2432) before pair … [Read more...]

USDJPY buying dips after a FLAT correction

USDJPY Elliott Wave forecast

Hello fellow traders. In this technical blog we're going to present another nice trading opportunity of USDJPY and we'll explain the strategy in a few words. The video below is a short capture from the London Live Session 01/05/2017 held by EWF Senior Analyst Daud Bhatti. USDJPY Trading strategy: Our Elliott Wave forecast suggests USDJPY is still within bullish cycle from the 06.24.2016 low. We're favoring the long side and suggesting buying the dips at 115.97-115.34 zone against the 114.34 … [Read more...]

NZDCAD Elliottwave Analysis 1/6/2017

NZDCAD

Below is an Elliott Wave analysis video on NZDCAD. The pair is currently correcting the rally from 8/24/2015 low and could see more downside short term before the rally resumes to new high or at least bounce in 3 waves. If you enjoy this analysis, feel free to try our service --> 14 days FREE trial and get access to Elliottwave charts for 52 instrument in 4 time frames, live sessions, live trading room, 24 hour chat room, and more.   Weekly Chart NZDCAD is showing a … [Read more...]

DAX Elliott Wave Forecast 1.6.2017

$DAX 6020170105211622

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11404.3. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11404.3, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) … [Read more...]