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Elliott Wave Analysis: EURNZD Remains Bearish

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Oct 21 2021

Hello traders!

Today we will talk about EURNZD currency pair in which we see nice and clean bearish impulse in progress with room for more downside pressure, while it's trading within channel range.

As you can see, we are tracking a higher degree wave (3) that can push the price much lower, especially if we consider an extended wave 5 of (3) with room down to lower channel support line and 1.58 - 1.55 area. So, be aware of more weakness this year, just watch out for a short-term pullback in subwave "iv".

Trade well!
 

Elliott Wave Analysis: EURNZD Remains Bearish by ew-forecast on TradingView.com



Elliott Wave BTCUSD Update: Bullish While Above 50k

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Oct 14 2021

Hey traders,

Cryptos are recovering, but there can be some slow down on BTCUSD here at 58k-60k area. Support is at 54k-52k, while break below 50k is a trend changer; not only for BTCUSD but even others.

We will also look at BCHUSD and DSHUSD.
 


Elliott Wave Analysis: CADJPY Remains Bullish - Update

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Oct 11 2021

Hello traders and investors!

In this article we want to update our previous CADJPY chart, where we mentioned and highlighted a completed W-X-Y correction and bullish reversal.

As you can see, CADJPY is trading nicely and impulsively bullish as expected long time ago and the main reason is also a rally on Crude oil . We see room for more gains within an extended wave »v« of 3 which can push the price even up to 92-93 area or higher, just watch out for a pullback in subwave (iv) of »v« or higher degree wave 4, as we see it approaching June highs.

Be humble and trade smart!
 

Elliott Wave Analysis: CADJPY Remains Bullish - Update by ew-forecast on TradingView.com



Elliott Wave: Traders Are Buying Bitcoin Again

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Oct 06 2021

Cryptocurrencies are moving higher and it can have something to do with President Joe Biden who blamed Republicans for blocking efforts to raise the U.S. borrowing limit. Keep in mind that more USD, more printing, more US debt is what drives the value of the currency lower. The USD is losing power and as an alternative and speculation to the USD traders will turn into "gold", or in the digital era, they will focus on cryptocurrencies.

Technically we see some nice intraday impulses across the board which can take prices higher after any pullbacks.

Bitcoin is approaching September highs, after a decisive break out of a base channel that also acted as a support after a retest earlier this week. We can see a nice and sharp move up, currently into 52k-53k area where the bitcoin may slow down as former high can represent a strong resistance. So, be aware of some slow down before the uptrend may resume, ideally after the fourth wave. Support on nay set-back from here would be at 48k , but if we see extensions above 53k and towards 56k, then, of course, 53k would be the support to watch.

Regarding the bearish side, pay attention to 45k. Move below that lv. would invalidate the current bullish trend .




AUDUSD Video Analysis: Buyers Are Waiting

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Oct 01 2021

Hello traders.

Today we will talk about Aussie which is in a downtrend for the last few months, because of a lockdown in Australia and speculation regarding FED tapering which makes USD strong. However, lockdowns are expected to be removed in Australia in October, so economic activity is expected to go back to normal which can be positive for AUDUSD. In fact, we have a very similar price action compared to last year, when market also topped in September and then bottomed through October and November after lockdowns were removed. So, can we see something similar this year? Indeed we can, but HSI (Hang Seng Index) is an issue here, however, in this video will show you a 40-50week cycle that can project end of a bear market on HSI. At the same time we see COT data at extremes with short positions, so  may change in weeks ahead which can cause a shift in trend.
 



Elliott Wave Analysis: NZDJPY Is Looking For The 5th Wave

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Sep 23 2021

Hello traders!

Today we will talk about NZDJPY pair, its price action from technical point of view and wave structure from Elliott wave perspective.

As you can see NZDJPY is trading bullish , ideally within a five-wave impulse from the March 2020 lows, mainly because of current slow price action and corrective wave structure with perfect support at the 50% Fibo. retracement of wave 3 that belongs to wave 4.

Well, we believe that there can be room for more upside within wave 5 to complete a five-wave cycle before we will see bigger and deeper corrective decline, especially because of recent break above channel resistance line, so watch out for a continuation higher towards 82-84 area.

Trade well!
 

Elliott Wave Analysis: NZDJPY Is Looking For The 5th Wave by ew-forecast on TradingView.com



Elliott Waves; Bitcoin Resumes Weakness, Watching 37-40k Area

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Sep 20 2021

Hello traders!

Cryptocurrencies are resuming it's weakness and starting to accelerate as stocks go to risk-off mode. Looks like there is room for 37-40k area, after that you have gap near 33k.

Have a great day.
 

Elliott Waves; Bitcoin Resumes Weakness, Watching 37-40k Area by ew-forecast on TradingView.com



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