NZDUSD Elliott Wave Analysis: Bullish Impulse Suggests More Upside...

NZDUSD Elliott Wave Talking Points: NZDUSD appears to be rallying in an Elliott wave impulse The current impulse wave may continue to .6860 and possibly .6950 An immediate move below .6611 would cause us to reconsider the current wave count NZDUSD has rallied strong from the October 7 lows. The structure and wave relationships of this rally point towards a developing bullish impulse wave that is incomplete. If our interpretation is correct, then we could see a move to .6950 in the coming weeks. H2 – The current Elliott Wave for NZDUSD The current Elliott Wave for NZDUSD New to Elliott wave corrective patterns? On page 3 of our Elliott wave Advanced guide, we explain wave extensions. It appears the third wave of a bullish impulse wave finished on the November 7 high. Therefore, NZD/USD may be correcting in a fourth wave. We consider the fourth wave still in process as NZDUSD has yet to meet the upward sloping Elliott wave trendArticle source:...

GBPUSD Elliott Wave Analysis: Seeking Larger Impulse Waves...

GBPUSD Elliott Wave Talking Points: GBPUSD has rallied and corrected from August 15 to October 30 in a series of three wave patterns indicative of a larger corrective pattern If we are in a larger (B) wave pattern, GBPUSD may temporarily rally to 1.3150-1.3300 A move below 1.2694 suspends the shorter term bullish forecast GBPUSD has rallied in three waves from the August 15 low to the September 20 high. Then, a correction ensued in three waves from September 20 to the October 30 low. This sequence of three wave moves is indicative of a larger corrective pattern possibly labeled as a-b. Therefore, GBPUSD is looking for an impulse wave to finalize the shorter-term pattern. If this impulse wave has begun from the October 30 low, then GBPUSD will likely rally again towards 1.3150-1.3300. The current Elliott Wave for GBPUSD New to Elliott wave corrective patterns? On page 4 of our Elliott wave Advanced guide, we explain the most common flat patterns, where they occur and the sub-structure of each wave. There are multiple wave counts that canArticle source:...

Elliott Wave Forecast for Gold & Silver Hints at a Shiny Future...

Gold prices reversed higher August 16. The silver price chart shows a similar bottom. The Elliott Wave forecast for gold and silver in the coming months is for higher prices and we are looking for silver to potentially outperform gold for those gains. Gold and silver chart Elliott Wave analysis talking points: Both gold and silver appear to have carved a medium term bottom on August 15-16 Several Elliott Wave patterns point to 6-10% gains in the coming months The gold-silver ratio suggests silver may outperform gold’s rise Gold’s Elliott Wave chart shows large rally potential I have been relatively silent on gold’s chart since we called the top back in January and February as the Elliott Wave pattern has a few options at hand. If you recall from our article on January 25 “Gold prices hit 17 month high” (the day of the 2018 high) we forecasted a bearish reversal such that “in the coming months would be a correction down towards $1200.” A couple weeks later, we published Elliott Wave forecast for Gold and Silver Paint Bullish USD picture. In it, we noted how the “divergence in price behavior [between goldArticle source:...

AUDUSD Elliott Wave Forecasts a Bounce Towards 76 to 78 Cents...

AUDUSD Elliott Wave Talking Points AUDUSD appears to be finishing a bearish impulse wave Anticipate a corrective wave to form on the AUDUSD chart pushing it back towards 76 cents Continued near term weakness is not out of the question to slightly lower levels in order to finish the bearish impulse sequence The AUDUSD price chart has lived up to its expectations in 2018 thus far. Using Elliott Wave Theory, we forecasted in December 2017 a smooth start then a rough finish in 2018 for AUDUSD. We were targeting a potential reversal to occur near 82 cents that would lead to a multi-month sell off. AUDUSD did top out at .8136 on January 26. what Elliott wave are we in now? The complex correction that began September 2015 has ended at the January 2018 high. This complex correction is labeled w-x-y (Expanded Flat–Triangle–Zigzag). Beginning January 2018, we can count an impulsive wave leading down towards recent lows, though the structure of it is not pretty. This impulsive wave is mature as we are near its end, if this bearish waveArticle source:...

Elliott Wave Analysis for Copper Prices Suggests Weakness May Be Temporary...

Elliott Wave Copper Talking Points: Current Elliott Wave for copper is wave 2 of a larger bullish impulse wave Alternate counts for copper prices suggest the downward correction may linger on but hold above the 2016 low Multiple Elliott Wave patterns target 4.10 and possibly higher levels over the long term in copper For the past two months, copper prices have been falling hard down nearly 20% since the beginning of June 2018. With the effects of trade wars creating waves through the market, the higher probability move according to Elliott Wave theory is for support to emerge soon pushing copper prices towards 4.10. What Elliott Wave are we in now? Pulling out to a weekly chart for copper, we can count an Elliott Wave impulsive move beginning in January 2016. This impulse wave has terminated so according to Elliott Wave theory, we can anticipate a three wave correction to unfold to lower levels labeled A-B-C. It is possible this downward correction is over and support for copper prices may emerge as the proposed wave (2) can be counted as an Elliott Wave flat correction. If that is the case, then we will look for a waveArticle source:...

Bitcoin Elliott Wave Forecasts Near Term Support of Prices...

The Bitcoin Elliott Wave forecast suggests that shorter-term bullish patterns may emerge to drive the cryptocurrency back up to $11,600. Bitcoin Elliott Wave Analysis Talking Points: Bitcoin prices have been rallied from the 6,500 low in an impulse wave When an impulse wave starts a new trend, we anticipate a partial retracement followed by another bullish wave of similar size Above 7,800 anticipate a recovery up to 11,600 Bitcoin prices have been falling since the December 2017 high. Though we cannot say for sure if the multi-month correction is over, the rally that began on April 6 has taken the shape of a bullish impulse wave. Therefore, we know from our studies of Elliott Wave Theory that an impulse wave that begins a new trend typically means we are witnessing the beginning of a zigzag pattern or a larger degree impulse wave. In both scenarios, it is a high probability we see a partial retracement followed by another rally of similar size or Fibonacci proportions to the first wave. Fibonacci partial retracement The first movement we are looking for after the impulse wave rally is a partial retracement and correction lowerArticle source:...