EWFHendra
Oil Craters 30%, How Low Can It Go?
OPEC's failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil's prices in an all-out price war. US West Texas Intermediate Crude plunged…
10-Year Treasury (ZN) Drops Below 0.5% As Fear Grips Market
Over the weekend, a series of events has rocked the market. Investors continue to brace for economic fallout as coronavirus continues to spread around the world. Outside Mainland China, Italy…
Elliott Wave View: Ten Year Notes (ZN_F) in Impulsive Rally
Short term Elliott Wave view in Ten Year Notes (ZN_F) suggests the rally from December 2019 low is unfolding as a 5 waves impulsive structure. Up from December 13, 2019…
Elliott Wave View: Palladium 7 swing Correction In Progress
Short term view suggests the rally in Palladium to 2814.25 ended wave (3). The wave (4) decline in Palladium is currently in progress to correct cycle from May 13, 2019…
Elliott Wave View: Further Downside in USDCHF
USDCHF shows an incomplete sequence from April 2019 peak favoring further downside and rally to fail in 3, 7, 11 swing. In the short term chart below, the bounce to…
AUDJPY at 11 Year Low Amidst Coronavirus Fear
AUDJPY sank to 11 year low last week as the market is pricing in a drastically lower Australia's growth outlook. The coronavirus outbreak around the world has disrupted everything from…
Elliott Wave View: NZDUSD In Impulsive Decline
Elliott wave view in NZDUSD suggests the move lower from 12.31.2019 high in the pair is unfolding as a 5 waves impulse. Down from 12.31.2019 high, wave (1) ended at…
Bausch Health (BHC) Drops More than 10% After Q4 Results
Bausch Health (Ticker: BHC) reported Q4 revenue of $2.22 billion, which is a 5% YoY increase. The result was slightly higher than the consensus estimate of $2.2 billion. The company…
Elliott Wave View: Oil Shows 5 Waves Rally
Short term Elliott wave view in Oil (CL_F) suggests the rally from February 5 low shows a 5 swing bullish sequence. We label the rally as an impulse Elliott Wave…
