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The ABC correction has completed and we can already see a huge candle downside. The bearish mode is likely to resume and we could see the price down to previous lows ( or further down). Regardless, more downside will only create new buying opportunities for the long term ( bullish ) trend. Manage risk while trading.

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USDCAD. We can see further bullish movement on the pair as long as the triangle pattern remains valid. This is based on the Elliott Wave Theory. Manage risk while trading.

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AUDUSD. The pair could be forming a triangle pattern on the large timeframe. We could see some more upside before price completes wave E and continue the bearish trend. A drop from 50%-61.8% fib level is expected. The analysis is based on the Elliott Wave Theory. Manage risk while trading.

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XAUUSD. This is based on the Elliott Wave Theory. The pair is likely correcting and we may get to see further downside to the previous low. Manage risk while trading.

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AUDCAD. With AUD showing weakness, and the pair starting a bearish impulse, we are likely to see further decline in the coming weeks. The drop is expected to be sharp as a part of wave 3. Price moving back upside to wave 2 level would be an invalidation for the bearish wave count. The analysis is based on the Elliott Wave Theory. Manage risk while trading.

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AUDUSD. The analysis is based on the Elliott Wave Theory. The pair has also formed a Head & Shoulders pattern showing a bearish continuation. With completion of wave 1 and 2, we can expect a downward move in the coming weeks. Manage risk while trading.

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USDCAD. The analysis is based on the Elliott Wave Theory. The pair is forming a correction in the form of WXY and seems to have more upside from the current levels. Manage risk while trading.

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Ethereum. This is Ethereum update on a smaller timeframe to get an idea of the current wave scenario. The price is clearly making a corrective pattern and the bearish trend should resume from this level. This analysis is based on the Elliott Wave Theory. Manage risk while trading.

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ETHUSD. The analysis is based on the Elliott Wave Theory. The price is likely to continue moving downward to the previous level before we can see a upward trend continuation.

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BTCUSD. The analysis is based on the Elliott Wave Theory. The price has been correcting for nearly two months now and has reversed from a ending diagonal. As per the larger timeframe, this is likely to be the last drop before the upward trend could resume.

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ETHUSD. This analysis is based on the Elliott Wave Theory. The price is showing strong bounce from the 100% fib level which is a good sign. Because wave C is commonly a 100% retrace of wave A. Another possibility is arises from the fact that the C wave is also showing 5 subwaves downside which can signal a trend reversal. However, the possibility remains as long...

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GBPJPY. An Elliott wave analysis for GBPJPY. The pair is likely to see a downtrend after finishing an impulse wave and a correction (wave 2). We could see a strong downtrend in the next few weeks.

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NZDUSD. The last corrective wave is taking place on NZDUSD and the price is likely to keep declining over the next few weeks. We may get to see a double bottom at the previous low, or the price could break to a lower low further extending the correction. Manage risk while trading.

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BTCUSD. Bitcoin. The price action is supporting a bullish move from the current price area, as it remains just above the 100 EMA . This can be a good level to buy bitcoin as it may be the lowest price we get to see ever (or in a very long time). Since the correction is taking place on a higher time frame, it is likely to take a few more months before the price...

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AUDUSD . Elliott Wave Analysis. The pair is forming another leg for bearish continuation. The current movement is a correction move against the upward trend in the long-term analysis. The price is likely to remain bearish in the coming weeks to complete the final bearish wave and hence the correction.

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EURUSD. Euro has been falling heavily for over a year now. While the long term view suggests further decline, we are likely to see an upward wave before the bearish continuation. With a valid triangle formation, the price is likely to make a reversal from 1.08 - 1.085 zone with a target for 1.15. Always manage risk while trading.

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NASDAQ. US100. Under technical terms, and by using the principles of the Elliott Wave Theory, the market is likely to remain bearish for a longer duration after making a correction bullish wave. The previous move can be termed as wave 1 consisting of 5 sub-waves, and we can expect a corrective pattern up to 50% - 61.8% fib. level. We can also assume that there...

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Silver. XAGUSD. The heavy drop today can be the beginning of the next wave in the downtrend. The price seemed to be forming a triangle for a few weeks now, and if the formation remains valid, the price is likely to drop further in the coming weeks. A move above the current wave E ($23.99) should count as an invalidation to this count. Below that level, the price...