The power of Wave Principle is revealed when the wave count unfolds itself with following fundamental news, in this case, we are ready to go down with Catalonia. Also divergence in Momentum indicator gives us a little bit confidence.
As can be seen in the chart, the upward movement should continue towards 97-98 zone, US 10Y Yields also indicate upward rise to 2.50. Don't forget that more than half of index is EURUSD pair, which at the same time means the decline for the single currency, as noted in previous analysises. Trade Safe
Divergence in Momentum Indicators imply that NZD will probably face a downward move from now on.
So, such a perfect, obvious structure occured in the most famous pair. Everyone is seeing it, aware of it. It is for this reason I would not hesitate to open a short position. Do not forget that euro is famous for declining very fast and sharp. Be punctual. P.S. It is also seen in my previous EURJPY analysis that euro is going down. Trade safe Nurlan
I have found something interesting about Azerbaijani Manat's behaviour, despite the political interruptions and heavy manipulation. Though the "Big Boys" in my country claim that AZN is floating currency, it is obviously not. What I find intriguing, however, is that the levels obey Fibonacci ratios very well. Wave (B) may develop any minute now. Then, wave (C)...
Nothing complicated, I expect Crude Oil to move upside around 55 $, even more upside is possible.
Better long opportunities will emerge when wave (5) will start to progress.
We see clearly that the stock price is in correction of wave (C). Ideally, we should see the price to go down below 10 Liras.
This one is here to grab your attention to the pair as there is a strong resistance and divergence in MACD. Still, solely based on these two a short position cannot be opened. Let us all admit that indicators do their best in "divergence" signals rather than oversold or overbought zones. Just an observation, will MACD Divergence work here?
Fundamentally, there are plenty of reasons that Gold can fall 50 $/ounce, such as rate hike in December. We all know that after the rate hike the Gold prices bounce up, which is already predicted using Wave Anlaysis. Good catch indeed, you can benefit from that. Good luck, Nurlan
4th Wave of (C) may not been finished yet 5th wave should expected to come soon to drag DO&CO prices down
Good opportunity to long GBPJPY pair with 160 target area. Not to forget that GBPJPY is nothing but product of two pairs {GBPUSD*USDJPY}. I expect both to go sharply up. Good luck Nurlan