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So where are we with the EURUSD ? Monthly Perspective - multiyear down trending channel that has gone into consolidation from 2015. Price has made has moved with the following wave structures - VVIVI. The first 2 V waves have tested a support zone of 1.0350 - 1.05 on 3 occasions between 2015 and 2017. Stochastics showed price was in an oversold zone. Here...

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Considering a scenario where the EURUSD completes an ABC pattern on the Daily Charts. The origin of the downside move is from the swing high of 30th March 2022. The first leg completed 5 waves down to A. The retracement was essentially an I wave to B. Now looking for 5 waves down , towards the target C, in the middle of next month to see EURO below parity.

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So this is the S&P 500 from 21st April 2022. We can see price is tracking down the channel Using the last channel high / low and recent retracement , it is likely an intra-channel N wave (ABC) will develop. So a target is given based upon 1. Price extension for the development of an N wave. 2. Time cycle ( for the 3 wave of the a potential N wave) of 9...

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This pair have travelling in a relatively shallow upward trending channel. It is a range that spans 6-8 ATR with price failing to break out of this channel for nearly a year. The USD had made a high of 1.3080 against the Loonie and price is now retracing. The Kumo Cloud has switched from bullish to bearish repeatedly , with an inclination mirroring the...

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EURJPY has been in a longer term uptrend. Sentiment continues to be bullish , with price well above the Kumo, and Chikou Span in clear open space. Within the last 2 weeks the remaining 4 Ichmoku lines have become flat, suggesting the pair is about to enter consolidation. Price in the current uptrend has made corrections when volatility > 2.5 ATR. Such is the...

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WTI has been on a bullish uptrend since 20th April 2020. Sentiment continues to be Bullish with price well above the Kumo. On a weekly basis this market has made 4 small to moderate pullbacks to test the Kijun Sen, and then move further ahead. These pullbacks have occurred when price has advanced more than 2ATR from the Kijun Sen. Presently WTI is making a...

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The British Pound has entered a consolidation phase which is supported by 1. Flat SSA 2. Flat SSB 3. Flat Tenkan Sen 4. Flat Kijun Sen 5. Chikou - close to price Overall the Sentiment is Bearish (Weakly) with price below Kumo. For the coming week , the Ichimoku indicators would suggest 1. Small Pullback - where price moves between TS and KS. 2. Moderate...

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CHFYPY is in a bullish uptrend. Considering 3 factors 1. Ichimoku Indicators 2. Price Observation 3. Time Cycles A scenario is suggested for retracement of this pair in middle of next week around the Kihon Suchi 33 Candle , towards the Daily Tenkan Sen and Support level of 137.50. Then a turn around the Kihon Suchi 42 candle , with the uptrend E...

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AUDUSD has been in Range mode since the 4th May 2022. Price appears to be moving in a Descending Triangle in a P Wave structure. Given Price is below an established Kumo , the sentiment is bearish overall for this pair. The possible scenario for next week is 1. Price retracing back towards the Kijun Sen , breaking into the Kumo and testing the Intra...

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Natural Gas price has declined from the 7th of June 2022 in a sharp I wave movement. The candlesticks of early June confirmed the reversal, with the formation of an Evening Star pattern. A bearish reversal can be seen with 1. Kumo - twist and price below Kumo. 2. TK Dead Cross 3. Chikou Span below price. From a retracement perspective the downtrend has...

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The US 30 created a market top on the 4th Jan 2022 . The downtrend has completed 4 legs down , and presently the 4th rally is in progress. From an Ichimoku perspective 1. Kumo - is bearish and thick , with price well below. The SSB is flat , and this is a reflection of price being contained within the prior swing high and current swing low. The SSA is...

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Gold is forming another major pennant . The result of the past pennant was downside break of over $ 500. Could the same result happen again . The time cycle would suggest that it is due soon.

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The US 30 index is in a downtrend. The index has broken below and retested Kumo in May 2022. June has seen 2 large bearish candles. The present level is well oversold - with price breaching the Bollinger Band 2 SD and extended lower significantly than the short term mid price ( 1900+ points from Tenkan Sen) and the medium term midprice ( 3400+ from Kijun...

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The following is a wave analysis of HK50 from the recent swing low of 10th March 2022. We can see price move off a Double Bottom around 19100 and reach a high at 22300. This uptrend can be classified into 6 waves - from start to finish of V, I,N,I,N,N. The downtrend had commenced on the 9th of June , and price can be seen to have developed 3 waves - V , I...

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There is a notable shift in Government 10 Bond Yields , with the JP10Y up 39.44% compared to US10Y up 3.16% . This should enable the Yen to gain on US dollar. A reasonable expectation of the retracement is between the .50 and .618 levels , and the pair is presently a countertrend short.

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Euro Yen is a making a retracement following the recent bullish run from 26th May to 9th June 2022. Price has moved below the short and longer term moving averages ( Which achieved a Dead Cross on 10 th June 2022) Today we see price break the Tokyo Box , and presently is drifting lower. Taking a conservative Fibonacci retracement of 50% , a short trade could...

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Here is one way of considering price reversal for the Kiwi Dollar from 65c to 62c through the month of June 2022. Recent price action may have seen a top at .6575 , and there is a hint of a double top. The intraday chart is making lower highs and lower lows suggesting a downward channel. IF this reversal continues then a trade short within 2 support and...

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On the intraday hourly chart , gold appears to be making a short term uptrending channel. With price reaching the mid channel ( thanks to an across the board decline of treasury bond yields) , a long is suggested 1. Enter - aournd 1830 2. Target - 1855 3. Stop - 1810 RR = 1+