CRUDE OIL Turned Bullish Last Week; Could See $95.00 OIL has accelerated higher on Thursday, and more importantly it closed well above the upper parallel trend-line of a base channel. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

GBPUSD: Corrective Rally From March Low Could Now Extend To 1.5500/1.5600 GBPUSD finally broke higher yesterday after recent unsuccessful push through the lower support line connected from early March lows. Notice that pair closed well above 1.5407 ...

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

Crude Oil Is Looking Impulsive On the Intra-day Basis; Could See $93.00 Oil is forming an impulsive price action from 87.87 swing low. The reason is recent strong reaction towards 92.00 figure yesterday which has been very strong and sharp in ...

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

USDCAD is Eyeing More High in Coming Week. Expecting higher on USDCAD in coming week as recent correction is black wave 2. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

S&P 500 Is Showing a Top Formation At 1597 Based on Elliott Wave And H&S Patterns Recent pull-back represents a wave 2/B as we labeled a decline from 1597 as a leading diagonal in wave 1/A. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

GBPUSD Could Turn Bearish This Week GBPUSD has extended higher in the last two weeks after broken trend-line connected from above 1.6300. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

GOLD Could Make A New Bearish Reversal After Recent Pull-back To 1420 GOLD rallied nicely in the last few sessions which was expected as we needed a three wave rally in wave 4. For now, the bounce is unfolding very nicely, but we need to see 38.2% ...

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

EURUSD Could Extend To 1.2900/1.2950 After Broken Support Line From 1.2745 EURUSD reversed sharply lower yesterday from 1.3200, clearly in impulsive fashion beneath rising trend-line from 1.2745 and as well as wave B) swing low. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

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Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

EURUSD Breaks Out Of the Range, Now Headed to 1.3250/1.3300 EURUSD finally broke out of a sideways price action into wave C); earlier than we thought but still in our primary direction image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

AUDUSD Turns Bearish After A Daily Close Beneath March Trend-line AUDUSD turned sharply lower and made a daily close beneath rising trend-line connected from March lows. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

EURUSD Eyeing 1.2950 before Going Higher Again EURUSD could make a deeper corrective pull-back in the very near-term within wave B) towards 1.2900/1.2950 support zone before pair turns higher once again for wave C). image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

Crude Oil: Correction Appears Complete; Weakness Could Extend To 90$ Per Barrel Oil recovered nicely in the last few days from 91.80 back to 94.75 which was expected after a completed five waves down in wave 1. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

EURUSD Could Make Reversal Down to 1.2900/50 From 1.3100 Resistance EURUSD extended another 200 pips higher since Friday, so now we are even more confident that low on EURUSD is in place which was expected because of ending diagonal, reversal ...

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

AUDUSD Turns Back In Bullish Mode As Price Exceeds 1.0500 AUDUSD moved through 1.0500 swings which mean that wave II pull-back is complete and that larger uptrend is back in progress again. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

OIL May Have Found A Temporary Top Around $96.60 Oil fell sharply lower last week, clearly in five waves from 97.60 which means that the trend has now turned bearish image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

USDCHF corrective retracement Observing new and much more complex wave structure on USDCHF image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

Cable Is Breaking Higher, Now Targeting 50% Retracement Level From January Highs GBPUSD closed strongly higher last week after recently broken trend-line connected from above 1.6300 which suggests that recovery from 1.4830 could be deeper than ...

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

GBPUSD Could Hit 1.5350-1.5400 While 1.5000 Is In Place GBPUSD found a support yesterday 30 pips above 1.5000 psychological level from where intra-day bulls lift the pair in impulsive manner back above 1.5200 level. image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude

USDJPY: Broken Channel Puts Pair Back In Bullish Mode USDJPY broke sharply higher which was expected from a technical point of view. Price accelerated strongly after break out of the corrective channel (circled zone). image

Elliott Wave Analysis and Forecast (Daily Update) Forex, Gold, Crude