How Bullish is the SPX, Can it see 3189 area?
is is Elliott Wave analysis on SPX and DJUSRE (Dow Jones Real Estate Index) in which we are going to take a look if SPX can reach the 3189 area to the upside before ending the all time cycle....
Month: May 2017
GBP USD made new high after Double Three correction
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of GBP USD . In further text we’re going to take a look at the structures,count the...
SPX Elliott Wave View: Ending diagonal
Short Term Elliott Wave view in SPX suggests the rally from 3/27 low (2322.2) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 2378.36, Minute wave ((ii)) ended at 2328.95, Minute wave ((iii)) ended at 2398.16, and Minute wave...
USD/JPY Forecast May 9, 2017, Technical Analysis
The USD/JPY pair had a volatile session on Monday, as we initially gapped higher, and then turned around to fall rather significantly. However, about halfway through the session we formed a nice-looking hammer on the hour chart,...
USD/CAD Forecast May 9, 2017, Technical Analysis
The USD/CAD pair rallied significantly during the day on Monday, as oil markets fell apart. In fact, we tested the 1.37 level, but found resistance in that area. I believe that we could get a bit of...
GBP/USD Forecast May 9, 2017, Technical Analysis
The British pound had a volatile session on Monday, as we chopped around above the 1.2950 level initially, and then broke lower. Because of this, I believe that the market is probably going to pull back towards...
EUR/USD Forecast May 9, 2017, Technical Analysis
The EUR/USD pair fell on Monday, as results of the French election came in. Initially, we gapped above the 1.10 level, but it became a “buy the rumor, sell the fact” type of trade. The market even...
AUD/USD Forecast May 9, 2017, Technical Analysis
The Australian dollar fell a bit during the session on Monday, as we initially gapped down, and then started falling. However, we bounced to test the area we gap down from, and then rolled over again. As...
NZDUSD Double Bottom (May 09, 2017)
NZDUSD could be in for a reversal from its selloff as the pair formed a double bottom pattern on its 1-hour chart. Price still has to test and breakout from the neckline at the .6960 level before...
USDCAD Daily Analysis – May 9, 2017
USDCAD is now in downtrend from 1.3793. Further decline could be expected and next target would be at 1.3550 area. Resistance levels are at 1.3740 and 1.3793, only break above these levels could trigger another rise towards...