EWFHendra

Pound Sterling declined against a basket of currencies last week after a series of negative news. First of all, Bank of England (BOE) decided to increase quantitative easing by £100BN, putting…

Elliott Wave View in EURJPY suggests the decline from 6.1.2020 high is unfolding as a 5 waves impulse Elliott Wave structure.  Down from 6.1.2020 high, wave 1 ended at 120.23…

IBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in…

In this article, we are going to provide an update of XAUEUR chart. In the previous article from April 23, 2020, we stated that Gold against Euro dollar (XAUEUR) should…

Oil (CL_F) has just ended cycle from 4.29.2020 low as a 5 waves impulse Elliott Wave structure. Up from 4.29.2020 low, wave 1 ended at 23.4 and pullback in wave…

Silver (XAGUSD) shows an incomplete sequence from 3.19.2020 low favoring further upside. The cycle has a 100% - 123.6% Fibonacci extension target towards 18.7 - 19.7 which can be the…

Nasdaq (NQ_F) has made an all-time high suggesting that the Covid-19 correction is over at 6628.75. Index has now resumed higher and short term 30 minutes chart below suggests the…

Incomplete bullish sequence in S&P 500 (SPX) from 3.23.2020 low suggests the Index should stay supported. Up from the Covid-19 selloff low on 3.23.2020, Index has resumed higher as a…

The coronavirus pandemic has been a boon to social media, streaming, and online shopping companies. As government around the world recommends social distancing and people reduce unnecessary travel, they spend…