AUDUSD Shows Bearish Sequence
Commodity currencies have been in the decline this year against US Dollar as a result of market's expectation of the Fed's rate hiking cycle. A falling Australian Dollar will make…
Elliott Wave View: Rally in DAX Expected to Fail
Rally in DAX to 16299.31 ended cycle degree wave I. This completed the rally which started from March 16, 2020 low. The Index is currently in wave II to correct…
Elliott Wave View: CADJPY Looking to Find Support
Elliott Wave view in CADJPY suggests cycle from October 21, 2021 peak is in progress as a zigzag structure. Down from October 21 peak, wave (A) ended at 90.40, and…
Elliott Wave View: S&P 500 (SPX) Correcting Larger Degree
S&P 500 (SPX) has ended larger degree cycle from March 23, 2020 low (Covid-19 low) with wave I at 4743.9. The Index is currently in larger degree wave II pullback…
Elliott Wave View: Silver Looking to End 5 Waves
After forming the peak on February 1, 2021 at 39.09, Silver (XAGUSD) has been in multi-month pullback. The decline from February 1 peak is unfolding as a 5 waves diagonal…
Elliott Wave View: 5 Swing Sequence in NZDUSD Favors Downside
NZDUSD broke below August 20, 2021 low (0.6805) and now shows a 5 swing sequence from February 25, 2021 high favoring more downside. A 5 swing sequence is an incomplete…
Elliott Wave Forecast: Silver Miners (SIL) Doing Flat Correction
Silver Miners (SIL) reached the support area from August 6 peak in 7 swing and reacted higher. However, in the last few trading sessions, the ETF has taken a turn…
Elliott Wave View: Dow Futures (YM) Looking for More Downside
Short-term Elliott wave view in Dow Futures (YM_F) suggests that cycle from October 1, 2021 low ended with wave (1) at 36452. The Index is now correcting that cycle within…
Elliott Wave View: Rally in FTSE Expected to Fail
Short-term Elliott wave view in FTSE suggests cycle from September 20, 2021 low has ended with wave (1) at 7403.36. The Index is currently correcting that cycle within wave (2).…