Блог Daytrader21
EUR/NZD WXY Pattern
Based on Elliott Wave analysis EUR/NZD is playing inside a very complex price structure and corrective in nature. Since 2014 top at around 1.6400 we have been moving inside an WXY pattern which can be subdivided in lower degree WXY patterns. Right now we're in the last stage of completing the pattern as we're currently developing wave Y of higher degree and wave y of Y before the cycle to be completed. Before the last leg up we need a retracement towards at least 38.2 Fibonacci …
Silver Broken Trendline
Silver bearish trend may have ended once we broke the trendline that connects the 2011 highs and all the intermediate highs of this bearish trend. This bearish cycle has lasted almost 4 years and based on my experience any new major trend starts with a trendline breakout of previous trend. We already broke to the upside of the trendline that connects the highs of this bearish trend at beginning of the year(see Figure 1), and not only that but we had a successful retest of th…
AUD/CAD Retesting Big Resistance
AUD/CAD has been moving over the paste few years in a big range boxes and that's usually the case with a lot of pair crosses as this is their normal behavior. In Figure 1 we can tell that over the year this range boxes have narrowed and the market it's moving clearly between support and resistance.
Right now the market is at an very important inflection point which is the 0.9800 level, which is a pivot point. this level has provided in the past good opportunities and it has acted both as support…
Right now the market is at an very important inflection point which is the 0.9800 level, which is a pivot point. this level has provided in the past good opportunities and it has acted both as support…
AUD/JPY Upward Channel Ready to Break Down
It seems like AUD/JPY has been turning to the downside once we got in place the 98.50 swing high. On the weekly chart (see Figure 1) we can see the whole price structure which shows that since beginning of the year we have moved within an upward channel. But we lack momentum inside this upward channel that's one of the main reason why the up move was unsustained and now we're turning lower. Ultimately I'm expecting AUD/JPY to challenge again the 88.00 big pivot point.
Figure 1: AU
… CAD/CHF ABC Correction
Since beginning of the year CAD/CHF has started trading inside an upward trading channel (see Figure 1). Based on Elliott Wave count we have completed a five wave cycle inside this upward channel and it's wise to expect from current levels a corrections. My projection sees wave A coming down to the base of wave 4 at around 0.8400 from where we should expect another run up towards 0.8500 and complete the sequence with another wave down.
Figure 1. CAD/CHF Daily Chart. Elliott Wave Count
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