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Impulsive

Elliott Wave Analysis: EURJPY Intra-day View; Leg Up In ViewEURJPY made a new intra-day drop lower, right into our Fibonacci projection zone for leg c of 4. Ideally will pair now search for a base near the mentioned Fibonacci zone and later make a new reversal higher. A later five-wave rally will indicate a completed wave 4 and wave 5 in progress. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
4
USD/CNY - Correction from 6.9633 completed at 6.4355In my September 8 - 2017 post I said, that the correction in wave (B) from 6.9633 was coming to an end. The actual low for the (B) has proved to be at 6.4355 on that exact day. The rally that has followed has been both strong and impulsive. We still need a break above 6.5566 to confirm that the low has been seen, but it should just be a matter of time before a clear break above 6.5566 is seen for a continuation higher. An inverse S/H/S bottom also can be seen and the neckline has already been broken, calling for more upside towards 6.6964. Ultimately the ongoing wave (C) should break above 6.9633 for a rally towards 7.3585 where wave equality between wave (A) and (C) will be seen.
Long
by EWS
USD/CAD - Wave 1/ is expected to complete near 1.1925USD/CAD has seen a nice impulsive decline from the May high at 1.3794. This impulsive decline is coming to an end near 1.1925 and marks the end of wave 1/ of 3. Once this wave 1/ decline is complete a corrective rally towards the top of wave iv of one lessor degree at 1.2778 is expected. A rally back to the top of wave four of one lessor degree is a very common corrective target. That doesn't mean that the correction in wave 2/ can't break above here, but more often than not the top of wave four of one lessor degree caps the correction in wave 2/. Stay positive towards the Loonie, but don't fall in love with it just now.
by EWS
Elliott Wave Analysis: AUDUSD Intra-day CorrectionAussie came slightly lower in the last few hours, down to 0.8020 which can be seen as wave b that is part of a complex corrective recovery as talked in past update. As such, wave c is still missing before we may finally look for a new decline. There is a nice resistance at 0.8060-0.8070 from where new leg down may show up. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
NZDUSD: Complex Correction With Potential! NZDUSD is also on our radar screen this week as we think that rally from Aug 31 can be corrective. Reason is of-course slow and overlaping price action which is personality of a corrective movement. That said, upside can be limited, but after seven legs as correction is going complex. It's a double zigzag with final wave c in play within wave Y that may look for a reversal at 0.7350-0.7380. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
6
Elliott Wave Analysis: AUDUSD Trading Into Wave FiveAUDUSD made a sharp and strong reaction higher, away from the previous wave 4) correction. This sharp reaction higher is now a suggestion and a confirmation that wave 4) correction is completed and that final wave 5) of C is in progress. Ideally current rise will later search for a top near the 0.81900/0.82100 region and from there make a new reversal lower. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
1
Bund Trading In A Minor Triangle CorrectionBund is trading quite slow, choppy and overlapping since September of last year which gives us an idea that a bigger Elliott Wave triangle correction within wave 4 consolidation is in the making. If that is the case, then more slow price action may follow on Bund and ideally afterwards make a new recovery into black wave 5 as part of a higher degree Elliott wave ending diagonal . At the moment however, we see wave b trading in final stages and searching for resistance near the upper triangle line Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
FX:BUND
by ew-forecast
Elliott Wave Analysis: GBPUSD Trading At SupportGBPUSD can be trading in a bigger three-wave recovery from the lows, with first wave A) already completed. We know a five-wave rally could suggest a change in trend, but in our case, we see this bigger three wave reversal as only temporary. Ideally the second wave B) is now in motion and can search for a base near the FIbonacci ratio of 61.8. From there a new five-wave movement into final wave C) can come in play. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
by ew-forecast
3
Elliott Wave Analysis: BTCUSD Remains Bullish! BTCUSD is trading in a big impulse since August of 22. We know that impulses have five-waves, meaning more upside can still follow on BTCUSD. Ideally current bullish activity is part of blue wave 3, that can reach area near the Fibonacci ratio of 2.618, before a new three-wave temporary correction into the following blue wave 4 follows. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BITSTAMP:BTCUSD
by ew-forecast
Elliott Wave Analysis: Minor Rally Can Cause A Big RecoveryBitcoin is following our predictions very nicely for the last few days if not weeks. In the last 24 hours price made a nice spike and turn up from 3600 area where we see evidences of a completed wave IV correction. Reason for a bullish view is a five wave rise in wave 1, so more upside can be in the cards after wave 2 set-back to 3900/4000 level. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BITSTAMP:BTCUSD
by ew-forecast
4
Litecoin Trading In A Temporary CorrectionLitecoin is less popular crypto currency but still with a lot of volatility that can represent investment opportunities. From a technical perspective we are still bullish for a fifth wave up, but not just yet as current correction since July appears incomplete. Corrections are three wave patterns , so expect another leg down; wave C drop to 33.00 support area before uptrend may resume. If we are correct then current leg up is wave B that can stop near 50. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BITFINEX:LTCUSD
by ew-forecast
Bullish Pressure On BTCUSD Not Slowing DownFinally BTCUSD is at a new all time high which was expected to happen after we recognized end of a corrective set-back in middle of July. So far we can see a nice trend up confirmed by higher swing highs and higher swing lows; ideally that's an impulsive trend in progress, currently sill in red wave 3 which can see extension up to 3600/3800 area while market is above 2800. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
BITSTAMP:BTCUSD
by ew-forecast
2