EWFHendra
Elliott Wave View: Crude Oil Breakout In Progress
In our previous Chart of The Day on February 28, we suggested that Crude Oil (CL_F) is on the verge of a breakout. It has now confirmed our view as…
OPEC Supply Cuts Continue To Support Oil Prices
Oil prices rose 1 percent on Monday after Saudi Arabia reiterated that OPEC will continue to maintain the production curb. Riyadh plans to keep output well below 10 million barrels…
Elliott Wave View: Gold Can See Profit Taking
Gold has ended the cycle from August 16, 2018 low at $1347.18 as wave (A). The yellow metal is in the process of correcting the cycle from August 16, 2018…
Elliott Wave View: EURJPY Should Extend Lower
EURJPY has ended the cycle from Jan 3, 2019 low at 127.5. We label this rally from Jan 3 to March 1, 2019 as wave ((X)). This means the pair…
Elliott Wave View: EURUSD Breaks Down After ECB Meeting. What’s Next?
In today's meeting, the ECB (European Central Bank) has downgraded their economic growth and inflation forecast. In addition, it has announced a fresh stimulus in the form of TLTRO (Targeted…
Elliott Wave View: DAX Structure Remains Bullish As Pullback In Progress
Short Term Elliott Wave view in DAX shows a bullish sequence structure from December 28, 2018 low, favoring further upside. The Index has potential to reach 100% extension towards 11912…
Elliott Wave View: Further Strength in EURAUD
Short Term Elliott Wave view in EURAUD suggests the rally from February 21, 2019 low (1.5736) is unfolding as a 5 waves diagonal. Up from 1.5736, wave 1 ended at…
Elliott Wave View: S&P 500 (SPX) Correction Should Find Buyers Again
Short Term Elliott Wave view in S&P 500 (SPX) suggests the rally from December 26, 2018 low (2348.50) is unfolding as an impulse. Index has ended wave ((3)) of this…
Bleak Canada’s GDP Pummeled Loonie
Canada's Dollar slumped last Friday due to worse-than-expected gross domestic product data. Canada's economy practically grinds to a halt at the end of 2018. Real GDP grew by just 0.1…
