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Elliott Wave View: EURUSD Continues Lower
Read MoreEURUSD shows incomplete sequence from Feb 2018 high favoring further downside. This article and video show the Elliott Wave path.
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Elliott Wave View: DAX Has Reached Support Area
Read MoreDAX has reached 100% extension area in 3 waves from July 4 high and can see support soon. This article and video show the Elliott Wave path.
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Elliott Wave View: Impulsive Rally in FTSE Favors Upside
Read MoreElliott Wave view suggests FTSE ended a double three correction in wave ((ii)) on July 25 low (7464.50). We can see from the chart below the internal of wave ((ii)) as a double three. Wave (w) ended at 7475.49, wave (x) ended at 7598.60, and wave (y) of ((ii)) ended at 7464.50. After ending wave […]
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Fear of Hard Brexit Put Intense Pressure to Poundsterling
Read MoreSince Prime Minister Theresa May announced she stepped down from leadership position, the market has started to adjust the expectation for a hard Brexit scenario. Selling pressure on Poundsterling has intensified as the new prime minister hopefuls Boris Johnson and Jeremy Hunt adopted a hardline approach. Under the previous leadership of Theresa May, market previously […]
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Elliott Wave View: Gold Should Extend Higher
Read MoreGold 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). Internal of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from 1385.34, wave 1 ended at 1427.16 and wave 2 […]
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Elliott Wave View: GBPUSD Should Remain Weak
Read MoreGBPUSD shows a bearish sequence from June 25 high favoring further downside.This article and video shows the Elliott Wave path.