$GBP/AUD Short Term Elliott Wave Analysis 5.27.2015

GBPAUD20150527091130

Preferred Elliott Wave view suggests GBPAUD pair is working on a FLAT structure since March lows. Decline to 1.8977 completed wave B. Rally from this level has been choppy and overlapping giving rise to the possibility of a diagonal structure which should complete a higher degree wave ((W)) as a FLAT. Wave 1 of C ended at 1.9768, wave 2 ended at 1.9281 and wave 3 higher is now in progress. We can already see 7 swings up from wave 2 low but we have not yet reached 100% ext of waves 1-2 so we are … [Read more...]

$AUD/CAD Long Term Elliottwave Analysis 5.26.2015

AUDCAD Weekly20150526194404

Note: If you prefer videos, the same analysis is available in video format at our video blog. Below is Daily and Weekly Elliott Wave analysis on $AUD/CAD, a pair that is not part of the 42 instrument currently covered by EWF, but the same Elliott Wave Principle and technique are applied to analyze the pair. After reading the analysis below, if you are interested to learn more about Elliott Wave or how we can help you, feel free to check us out and join 14 days trial (free 14 days trial promotion … [Read more...]

Nikkei 225 Chart of the Day Recap 5.5.2015 – 5.22.2015

NI225-6020150505120927 May 5

Below is a recap of our call and forecast for Nikkei 225 from our Chart of The Day post from 5/5/2015 - 5/22/2015. You can click the underlined link to view the original post on that date. Nikkei 225 Chart of The Day posted at 5/5/2015 In our Chart of The Day at 5/5/2015, we said Wave (Y) low is now in progress and ideally expected to test 19043 - 19192  area to complete wave ((X)) pullback. In this area, we expect to see buyers in the Index and a 3 wave reaction higher at least as per … [Read more...]

Nikkei 225 Short Term Elliott Wave Update 5.22.2015

$NI225 6020150522085140

Decline to 19054 completed wave ((X)), and the Index has since resumed the rally in wave W in the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 19865 and wave ((x)) ended at 19495. In our previous Nikkei 225 Chart of the Day posted at 5.20.2015, we said wave ((y)) is in progress towards 20314 - 20507, and some profit taking should be seen from 20314 – 20507 area and the Index to pullback 3 waves lower in wave X to correct the rally from 19054. Since our last update, … [Read more...]

S&P E-Mini (ES_F) Short Term Elliott Wave Update 5.21.2015

ES #F 6020150521001220

Decline to 2057.41 completed wave X. Wave ((w)) rally from this level is unfolding in the form of a double correction (w)-(x)-(y), where wave (w) ended at 2113.5 and wave (x) ended at 2079.25. In our previous Chart of The Day at 5/19/2015, we said the last leg wave (y) is in progress towards 2136.43 - 2149.86 to complete wave ((w)). We also said some profit taking should be seen from this area and the Index to pullback 3 waves lower in wave ((x)) to correct the rally from 2057.41. Since our last … [Read more...]

Nikkei 225 Short Term Elliott Wave Analysis 5.20.2015

$NI225 6020150519202434

Decline to 19054 completed wave ((X)), and the Index has since resumed the rally in wave W in the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 19865, wave ((x)) ended at 19495, and wave ((y)) is in progress towards 20314 - 20507. Expect some profit taking from 20314 – 20507 area and the Index to pullback 3 waves lower in wave X to correct the rally from 19054. We do not like selling the proposed wave X pullback. As far as 19054 pivot holds in the pullback, buyers … [Read more...]