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Is USD Headed lower? Elliott Wave Video

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March 18 2019
 
Hello traders,
Finally, I am back from New York traders expo show. Spent some very good time there, learned a lot, met some very good traders and even clients of ours. I also made an episode for USDMXN and Copper at Real Vision TV, so if you have access there make sure to check this out. But I am back know, doing what I love the most; analyzing the market and decided to make this video free to everyone.

Trade well, Grega
 

 




 

Risk-On Suggests More Upside on Oil, while USDMXN Can Face Weakness

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March 12 2019

Hi traders,
Stocks, specifically S&P500 is turning back to a bullish mode since we have noticed a five-wave rise back to 2800 resistance area. At the same time, even positively correlated market Crude oil remains in a bullish shape, probably within an ending diagonal for wave 5/5), which means that risk-on is still in play.

Crude oil, 4h chart


If we consider weak USD and strong Crude oil, then the best opportunity can be on USDMXN pair. And, as you can see USDMXN is falling sharply and just like Crude oil, also for wave 5, so be aware of more weakness towards new lows, while stocks and Crude oil are trading bullish.

USDMXN, 4h chart




 

Risk-off mode Suggests More Weakness on Stocks and On XXX/JPY Pairs

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March 11 2019
 
Hi traders,

the SP500 has turned lower this week, sharply out of the channel in a fifth wave which indicates a completion of an impulse and temporary top at 2800 resistance. We think that a minimum three waves down are in progress now, so more weakness is expected, possibly even back to 2620 after wave B bounce. At the same time this can be the right shoulder in the making.

S&P500 chart



In risk-off mode JPY is normally the safe haven, so it's not a surprise to see JPY much higher this week, as 10 year US note rises. In fact, 10 year shows a resumption higher into a fifth wave which suggests that there is a chance for more risk-off ahead. There was also a nice breakdown on Nikkei index so money definitely moves into JPY.




In such situation we may look at weak XXX/JPY pairs for possible shorts, and based on correlations we see USDJPY and GBPJPY as one of the weakest pairs in current environment.

USDJPY, 30Min chart


GBPJPY, 1H






 

ADAUSD Flashback chart - Elliott wave Analysis

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Our Services             NEW!!Elliott Wave School

March 06 2019

Cardano made a nice three-wave setback since Feburary 25 as we expected! Can we see a bullish continuation?!

ADAUSD, 4h chart





 

Elliott Waves: Stock Market On The Rise; But Be Aware of Pullbacks

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Feb 22 2019

Hi traders,
S&P500 has been trading in a corrective decline since September of 2018, and it unfolded a three-wave drop within higher degree wave IV). We can see that wave IV) found a base at the 2324 level, from where a new impulsive recovery is unfolding; its known as a continuation of an uptrend, so we assume that new all-time highs can be coming. However, nothing moves in straight line, so be aware of a pullbacks and ideally current rise will look for a temporary limited upside near the 2813 level, where former swing high can react as resistance. Nice support for any reversal lower can be around 2600/2650.

S&P500, Daily


German DAX is trading similar as the S&P500, now ideally unfolding a minimum recovery in three-waves from the 10282 level; move that can resume towards 11700 as first upward objective and then to 12k. Nice support for DAX on any deeper pullbacks can be around the 10800.

German DAX, Daily


 

Elliott wave Analysis: USDCAD and Crude OIL Connection

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Feb 14 2019

USDCAD turned down very aggressively in January, but then turned sideways so it appears that some tricky price structure can be unfolding here. Well, we are observing a complex correction, ideally a flat which is now unfolding its final leg C up that can look for resistance at previous wave A swing high; at 1.337 level. From there we should be aware a turn into stronger CAD, and potential drop down into wave C) back to February lows.

USDCAD, 4h


If you are trading USDCAD then you should be watching oil prices too. Keep in mind that higher oil prices are bearish for USDCAD. In fact, on oil we see ongoing recovery on a daily chart with more upside coming after wave B set-back is finished. And that’s the time when USDCAD may finally turn down very aggressively.

Crude oil, daily


Below we also have a chart of the negative correlation between Crude oil and USDCAD.



 

EURNZD Longs If Stocks Hits Resistance?!

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Our Services             NEW!!Elliott Wave School

Feb 07 2019

As commodities currencies turns down this week I think it's time to look at some of the crosses. I will look at EURNZD in particular as this one has a very clear path; five waves up from December 2018 low and then deep pullback which now appears completed at 1.6510 because of sharp rise out of the channel. We think more upside can be coming as current rally is looking impulsive, but as always we need pullback!

Another thing about possibly higher EURNZD is penitential turn down on stocks. Keep in mind that E-mini S&P500 is at resistance, so deeper pullback can be coming which may support EURNZD even more as longs on this one is risk-off play.

Please check video for more details:

Trade well, GH




 

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