Recent content by ew-forecast

Elliott Wave Forecast For USDJPY and S&P Futures-Both Looking Bearish S&P Futures turned around perfectly from that 1655/1660 resistance area that we highlighted it several times in our past updates. Notice that pull-back from 1636 was in three waves that now appear complete after current new...

Elliott Wave Forecast for USD Index: Wave Four Pull-back Appears Complete USD-index reversed lower yesterday and is now again testing that very important 83.30-83.50 support zone. As such,w e adjusted the wave coutn and now looking still for a red wave 4) in progress which is becoming more and...

Elliott Wave Forecast : GOLD Is Sideways, But Still Bearish Within Larger Trend GOLD found some support last week and reversed back to the base channel line again that could react as a resistance in current black wave 4 which is now making more complex wave structure than we firstly thought...

AUDUSD: Correction Within Downtrend AUDUSD: current sideways price action represents wave 4 pull-back that should be sub-divided by three legs.

EURUSD: Downtrend Continuation to 1.2700-Elliott Wave EURUSD made a three wave rally in this week which has been expected in wave 4, but now pair is already turning lower again after completed zig-zag at 1.3000 psychological level. We can see that price broke through the lower side of a...

USDCHF: Sideways Within Uptrend; Be Aware Of a Break Higher USDCHF is slow, choppy and sideways for the last few days which is a personality of a corrective price action. Therefore, we think that USDCHF is trapped in a wave four position, which could be forming a triangle in 0.9580-0.9760...

USD Index: Corrective Pull-back To 83.30/83.50 Within Larger Uptrend USD-index is trading lower from recent highs which now appear to be start of a deeper corrective retracement. We are tracking wave 4) pull-back now as we can already count a completed five sub-waves in red wave 3). As such...

GOLD Bearish Reversal in Progress, Could Hit 1300-Elliott Wave GOLD reversed nicely, perfectly lower from 1490 area two weeks back where base channel turned into a resistance as discussed in our latest video analysis. Notice that fall from that zone is now very sharp, showing evidences of an...

EURUSD: Bearish Cycles Remains In Play-Elliott Wave Forecast EURUSD reversed slightly higher yesterday from 1.2840 support but not for long as recovery found resistance very soon, so it was probably just a fourth wave within larger wave 3 down.

AUDUSD Bearish; Wait On Pull-back For New Shorts AUDUSD: Support for current decline could be near, maybe around 0.9800 from where we will be tracking a wave (iv) corrective rally.

USDJPY Could Be In Final Stages Of An Uptrend-Elliott Wave Forecast USDJPY broke higher last week, out of a triangle pattern that we have been tracking it since mid-April. This triangle has been placed in wave four, so we must be aware of a bearish reversal in the next few days/weeks if we...

EURUSD: Broken Daily Trend-line puts The EUR in Bearish Mode EURUSD fell sharply last week and closed well below 1.3034 swing low support which puts bearish price action in play. From an Elliott Wave perspective we are tracking one-two, one-two set-up with sub-wave (ii) now underway to...

EURUSD: Elliott Wave Principle Suggests to wait three wave pullback EURUSD: Elliott Wave Principle Suggests to wait three wave pullback in abc to go short.

USD Index Is Forming A Bullish Reversal Pattern-Elliott Wave Forecast Critical/invalidation level is at 81.32 as wave 2) must never retrace more than 100% of wave 1). So as long that level holds we are looking higher. What is Zig-Zag? A zig-zag (Elliott Wave Pattern) is a 3-wave structure...

Stocks Futures! US2000, SP500, NAS100.I, DJI.I, FTSE100.I, DAX.I US and European stocks futures did not move much in the last few sessions so we will continue to look higher. We see room for further gains today as several market are still in fourth waves.