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).…
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.…
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…
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…
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…
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…
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…
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…
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…
