USDJPY Elliott Wave Analysis - Bears May Enter Soon

Forex pair USD/JPY trades into correction. USD/JPY fell impulsively into 5 waves. As per Elliott wave theory there is correction after every impulsive move.

Pair may find resistance around .50 or 0.618 Fibonacci ratio. Bears may enter into market at that point.

USDJPY 1h Elliott Wave Analysis Chart

GOLD Elliott Wave Analysis - More Bullish Ahead.

GOLD trades bullish within impulsive structure. Price is trading higher sharply and 4h MACD is in strong positive zone which means more bullish price movement ahead.

But market never trades straight up & down. every impulsive moves have corrections too. So bulls  may enter the market in corrective move.

GOLD 1h Elliott Wave Analysis Chart

GBPUSD Wave Structure: One More Push Down

Forex pair GBPUSD made three waves towards 1.2987. MACD turned negative then recently trades on positive zone. But overlapping price actions indicates recent moves are corrective.

Bears may see at-least one more push down still it holds 1.2987 resistance. We prefer short GBPUSD once MACD confirms the move.

GBPUSD 4h Elliott Wave Analysis Chart

USDCAD More Bearish Ahead - Elliott Wave Analysis

Forex pair USDCAD topped at 1.3791 confirmed by bearish divergence. USDCAD trades lower along with negative MACD. This wave can be wave c) of a.  Bears may short their position in rally for new low.

We may see USDCAD more lower in days ahead.

USDCAD 4h Elliott Wave Analysis Chart

EURUSD Completes The Recovery - Eyeing Towards New Low

Forex pair EURUSD dropped from the high in intraday chart. Intraday Euro Dollar price actions indicates that wave Y) found a top. The corrective wave since the January seems completed.

Bears can see a minimum three wave decline in sessions ahead. The gap on price is also interesting which will be filled soon.

EURUSD 4h Elliott Wave Analysis Chart

Crude OIL Moving Higher - Elliott Wave Analysis

Crude oil moved higher impulsive from $43.75 region in five wave structure. Intraday overlapping seems temporary for correction.

Bulls be prepared for next rally into the wave 3) or C).

Crude OIL 1h Elliott Wave Analysis Chart

Forex Pair AUDUSD Seems Bearish Targets 0.7130 Price Level

Aussie #ADUSD fell sharply last week. The price action of AUDUSD indicates that wave three is in progress. Wave two seems completed at 0.7558 level with normal running flat (a corrective Elliott wave pattern).

Bears can expect the Forex pair AUDUSD to stay bearish in days ahead. As wave three is an impulsive in nature we can see sharp bearish move in the market towards 0.7250 - 0.7130.

AUDUSD 4h Elliott Wave Analysis Chart

USDCAD Tops With Ending Diagonal-Confirmed By MACD.

USDCAD tops near by Fibonacci reversal area. Wave five has lover lapping price action which is the indication of Ending Diagonal.

Ending Diagonal is a special type of elliott wave pattern which causes strong reversal. At the same time standard MACD is in bearish indication zone. Shorting USDCAD in rally will be good strategy for trading.

USDCAD 4hour Elliott Wave Analysis 

Bitcoin Elliott Wave - Trades in A-B-C Wave Rally

Bitcoin #BTCUSD trades higher into A-B-C wave rally. Bitcoin seems near top of wave C. We sooner will get near by top then bearish move from the high. We know that there is nothing straight in trading so passion is the best option for bears. Bitcoin traders be aware of probable reversals that may take place in weeks ahead.

Bitcoin Daily Chart - Elliott Wave Analysis