EWFHendra

By EWFHendra    September 17, 2019    - 2 min read

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…

By EWFHendra    September 16, 2019    - 3 min read

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…

By EWFHendra    September 16, 2019    - 3 min read

Oil Shot Up 17% after Saudi Arabia’s Oil Refinery Attack

In early Saturday, Saudi Arabia's oil processing facilities were hit by what initially thought to be drone strikes. Yemen's Houthi rebels claim responsibility for the attack. The Houthi spokesperson claimed…

By EWFHendra    September 13, 2019    - 1 min read

Elliott Wave View: DAX Extends Higher in Impulsive Structure

Short term Elliott Wave view suggests the pullback to 11266.48 on August 15, 2019 low ended wave ((2)). Wave ((3)) is in progress and subdivides as a 5 waves impulse Elliott Wave…

By EWFHendra    September 12, 2019    - 1 min read

Elliott Wave View: S&P 500 (SPX) New All-Time High Imminent

Short term Elliott Wave view suggests the rally in S&P 500 (SPX) from August 6, 2019 low is unfolding as an impulse Elliott Wave structure. In the chart below, we can…

By EWFHendra    September 11, 2019    - 2 min read

Elliott Wave View: 10 Year Treasury Notes (ZN_F) at Support Area

Since topping out at 135.15 on July 2012, 10 Year Notes (ZN_F) was in a multi-year decline. It finally found a bottom at 117.13 on October 2018. The 6 year…

By EWFHendra    September 10, 2019    - 1 min read

Elliott Wave View: Further Rally in GBPUSD in Zigzag Structure

Short term Elliott Wave view in GBPUSD suggests that the decline to 1.1957 on September 3 ended wave (3). Wave (4) bounce is in progress as a zigzag Elliott Wave…

By EWFHendra    September 9, 2019    - 4 min read

Profit Taking in Gold as Trade Talk Resumes

Last week, China and the U.S. have agreed to resume face-to-face talk in Washington in early October. It's however still unclear if both sides can make substantial, even if temporary,…

By EWFHendra    September 6, 2019    - 1 min read

Elliott Wave View: Impulsive Rally in Amazon (AMZN)

Short term Elliott Wave view in Amazon (AMZN) suggests that the rally from August 6, 2019 (1743.51) low is unfolding as a 5 waves impulsive Elliott Wave structure. We label the…