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USDNOK Elliott Wave Analysis: Q2 2018 Target Area
Read MoreIn this blog, we look at the swing sequence in USDNOK pair down from 1.6.2016 peak and explain the reason for selling the pair back in February 2018. USDNOK is showing 5 swings down from 1.6.2016 peak which is an incomplete bearish sequence and calls for USDNOK Q2 target to be lower. As shown on […]
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Platinum (PA_F): Getting Ready for a Rally
Read MoreThe Elliott Wave Theory states that after a five waves move, there will be a three waves correction in the opposite direction of the five waves. After the 3 waves correction, there should be an extension (either upside/downside) in the same direction of the previous five waves move. The chart below illustrates the 5 waves […]
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$XAUUSD (Gold) : Why $1450 Should Happen
Read MoreGold has been trending higher since making the lows at 12.3.2015. From $1046.54 low, Gold rallied in 3 waves into the 7.6.2016 peak ($1375.15) and then pullback in 3 waves into the low at 12.15.2016 ($1122.81). Cycle from 12.15.2016 low has a 4 hour Bullish sequence as the yellow metal shows 5 swing sequence with […]
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Nikkei Elliott Wave: 5 Waves Decline
Read MoreNikkei Futures (NKD_F) has dropped nearly 1500 points this week so we decided to do a video to show structure of the decline. As the chart in the video shows, the decline is unfolding as an impulse in which we have an extended wave ((iii)) and wave (iii) is also extended which makes it look […]
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Wheat Elliott Wave Analysis: Rally Set to Extend Further
Read MoreWheat futures have rallied nearly 13% this week from an opening price of 455 to a high of 518 so far, so we decided to present Wheat Elliott Wave analysis to every one and show how we are viewing this rally and what we think will happen according to our analysis going forward. Wheat futures […]
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Wheat Trade 20 Feb 2018 Live Trading Room
Read MoreOn Feb 20, Wheat (ZW_F) daily chart shows incomplete bullish sequence from 8.29.2017 low, favoring further upside towards 472.7 – 489. In the Live Trading Room, we informed members we like to buy wave (x) dips at 451.3 inside the blue box (see chart above) as far as pivot at 438.6 stays intact. Below is the […]