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EWFHendra

By EWFHendra    July 18, 2019    - 1 min read

Elliott Wave View: Gold Should Extend Higher

Gold shows an incomplete sequence from August 16, 2018 low favoring further upside. Near term, pullback to 1385.34 ended wave (4). The yellow metal has resumed higher in wave (5).…

By EWFHendra    July 17, 2019    - 1 min read

Elliott Wave View: GBPUSD Should Remain Weak

GBPUSD shows a bearish sequence from June 25 high (1.2784) favoring further downside. Near term, the decline from 1.2784 to  1.2438 ended wave ((i)) as an impulsive Elliott Wave structure.…

By EWFHendra    July 16, 2019    - 1 min read

Elliott Wave View: NZDUSD Showing Incomplete Sequence

NZDUSD has an incomplete 5 swing sequence from May 23, 2019 low favoring further upside. Short term Elliott Wave view suggests the pullback to 0.6565 on July 10, 2019 low ended…

By EWFHendra    July 12, 2019    - 1 min read

Elliott Wave View: Right Side in XLF Remains Higher

Financial Sector ETF (XLF) shows a bullish sequence from December 26, 2018 low favoring further upside. Short term Elliott Wave view suggests the pullback to 26.9 on June 25, 2019…

By EWFHendra    July 11, 2019    - 1 min read

Elliott Wave View: S&P 500 (SPX) Remains Buy in the Dips

S&P 500 (SPX) shows a bullish sequence from December 26, 2018 low against June 3, 2019 low (2728.81) favoring further upside. Short term Elliott Wave view suggests the rally from…

By EWFHendra    July 10, 2019    - 2 min read

Speculation on ECB Bond Purchase Put Pressure to Euro Dollars

Speculation on ECB Fresh Bond Buying Put Pressure to Euro Dollars ECB President Mario Draghi gave a hint last month that the central bank will need to add monetary stimulus…

By EWFHendra    July 10, 2019    - 2 min read

Elliott Wave View: GBPUSD Ending 5 Waves Move

Elliott Wave View suggests the move lower from March 13, 2019 high (1.3381) is unfolding as an impulse Elliott Wave structure. In the short term chart below, the bounce to…

By EWFHendra    July 9, 2019    - 1 min read

Elliott Wave View: An Impulsive Rally in Bausch Health (BHC)

Elliott Wave View in Bausch Health (BHC) suggests the rally from June 4 low (20.28) unfolded as a 5 waves impulse Elliott Wave structure. Up from 20.28, wave (1) ended…

By EWFHendra    July 8, 2019    - 2 min read

Strong NFP Report Tempers Fed’s Rate Cut Expectation and Boosts US Dollar

Jobs report for the month of June came above the expectation, tempering the hope of a Fed's rate cut. June NFP (Nonfarm Payroll) rebounded to 224,000 after a disappointing 72,000…