DAX, the index from Germany, is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that the rally to 12597.51 at February 26.2018 ended Primary wave ((X)). Down from there, the decline unfolded as a 5 waves Elliott Wave Impulse...
EURAUD recently broke past the 1.5800 major psychological mark to signal that more gains are in the cards. However, price is stalling around 1.5925 and might be due for a pullback to the broken resistance. Applying the...
Since the US Dollar trades freely in the 1970s, on average it has rallied and declined in a period of 7.5 years. The chart below shows short term and long term US Dollar cycle: Short Term and...
NZDUSD could be in for a long-term selloff as price formed a double top on its 4-hour time frame. The pair has yet to break below the neckline at the .7200 major psychological support to confirm the...
United States Steel Corporation (NYSE: X) is the second largest steel domestic producer behind Nucor Corporation (NYSE: NUE) and also the world’s 24th largest steel producer. Last year, Steel price surged higher reaching new all time high of 4772 in...
Short Term CADJPY Elliott Wave view suggests that the decline from 1/5/2018 high (91.58) is unfolding as an impulse Elliott Wave Structure where Minor wave 1 ended at 87.785, Minor wave 2 ended at 89.439, Minor wave 3 ended...
GBPUSD broke below the bottom of its symmetrical triangle on the 1-hour time frame to signal that a downtrend is underway. Price is bouncing off the 1.3700 area, though, so a pullback might take place before the...
Revised Short Term Elliott Wave view in Gold suggests that the yellow metal is still correcting cycle from 12/13/2017 low ($1236.3) as a double three Elliott Wave structure. Up from 12/13/2017 low, Intermediate wave (W) ended at $1366.06 and...
The US dollar has fallen against the Japanese yen during trading on Wednesday, reaching down towards the 106.50 level, an area that has been supportive a couple of times. Ultimately, I think that the market will find...
The US dollar has rallied significantly during the trading session on Wednesday, as we continue the uptrend. Oil markets look very soft, so it’s likely that we will continue to see this market rally to the upside...
