EWFHendra
Elliott Wave View: EURJPY Has Resumed Lower
After forming a low on September 3, 2019 at 115.8, EURJPY has rallied in 3 waves. The rally ended at 120.62 and we labelled this bounce as wave 4. As…
Elliott Wave View: IBEX Ended Impulsive Rally
Short term Elliott Wave view on IBEX calls the rally from August 15, 2019 low (8405.39) as a 5 waves impulse Elliott Wave structure. Up from 8405.3, wave ((i)) ended…
RBNZ Likely Holds Interest Rate Steady
Reserve Bank of New Zealand (RBNZ) will have monetary policy announcement at 02.00 GMT this Wednesday. Market consensus is for the central bank to keep Overnight Cash Rate (OCR) at…
Elliott Wave View: Chesapeake Energy (CHK) Should See More Downside
Elliott Wave view on Chesapeake Energy Corp (ticker symbol: CHK) suggests the rally to 2.17 ended wave (B). This suggests the stock has turned lower in wave (C) and can…
Elliott Wave View: SPY Can See Further Strength in Short Term
SPDR S&P 500 ETF (SPY) shows an incomplete sequence from June 3, 2019 low with a 100% extension target towards 306.3 - 313.2. In the chart below, we took the…
Elliott Wave View: Oil (CL_F) Outlook After Saudi Arabia’s Oil Refinery Attack
Oil gapped up almost 20% early this week after the news that Saudi Arabia's oil refineries got attacked by drones. It has since retraced after Saudi Arabia said they can…
Elliott Wave View: Impulsive Rally in Nikkei
Elliott Wave view suggests the rally in Nikkei from August 26, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, the rally to…
Elliott Wave View: Short Term Strength in Bitcoin
In the bigger picture, Bitcoin has been in sideways consolidation since topping out at $13880 on June 26. It did a 3 waves pullback to $9049.54 on July 17 and…
Euro Fails to Weaken Despite ECB’s Monetary Stimulus
Last week, ECB (European Central Bank) decided to reactivate the quantitative easing (QE) programme by €20bn a month. This time the program will be open-ended until Euro Zone's inflation and growth…
