EWFHendra
Elliott Wave View: Dollar Index (DXY) Resumes Higher
Short Term outlook in Dollar Index (DXY) suggests the decline from March 7, 2022 peak ended in wave (4) at 97.68. Internal subdivision of wave (4) unfolded as a zigzag…
How Ruble Might Put a Floor in Gold and Vice Versa
The U.S. and its allies have administered economic and financial sanction to Russia as a result of the invasion to Ukraine. As part of this comprehensive sanction, US and its…
Elliott Wave View: Oil Looking for Further Pullback
Short Term outlook in Oil suggests the decline from March 7, 2022 is unfolding as a double three Elliott Wave structure. Down from March 7 peak, wave (W) ended at…
Elliott Wave View: NZDUSD Rally Should Continue
Short Term outlook in NZDUSD suggests rally from March 15, 2022 low is unfolding as a zigzag Elliott Wave structure. Up from March 15 low, wave ((i)) ended at 0.679…
Elliott Wave View: Hangseng Index Pullback Should Find Support
Short Term outlook in Hangseng Index suggests pullback to 18235.48 ended super cycle wave (II). This is a 4 year correction which started from January 2018 high. Super cycle wave…
Elliott Wave View: Russell Futures (RTY) Looking to End 5 Waves
Short Term Outlook in Russell Futures (RTY) suggests the rally from February 24, 2022 low is in progress as a 5 waves diagonal Elliott Wave structure. Up from February 24…
Elliott Wave View: Nikkei (NKD) Looking to End 5 Waves Impulse
Rally in Nikkei Futures (NKD) from March 8, 2022 low (24510) is in progress as a 5 waves impulse Elliott Wave structure. Up from March 8 low, wave 1 ended…
Elliott Wave View: EURJPY Starts New Bullish Cycle
EURJPY is close to breaking above the previous high on June 1, 2021 at 134.12. A break above that level should create a bullish sequence from May 2020 low favoring…
How Momentum Indicator (RSI) is Used with Elliott Wave
There are several different momentum indicators. One of the popular ones is the RSI (Relative Strength Index) which was developed in 1978 by J. Welles Wilder. The RSI is in…
