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Surfing the Waves Apr 27 2021 -Video Update

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April 27 2021

Hey traders!

Below is new video analysis for EURUSD, NZDUSD, OIL, DAX, GOLD sponsored by Orbex.com

ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. No obligations
APPLY HERE



*source

 

CAD/JPY: Bank Of Canada Causes A Breakout

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April 27 2021

Commodity currencies are higher as metals hold a support while we see copper even accelerating. CAD is also one the move, now making extension after BoC said last week that it may look for higher rates already next year, rather than in 2023.

So overall CAD may stay strong until other central banks makes similar predictions regarding rates policy. As such we see CAD/JPY higher, breaking out of a downward channel so more upside can be seen especially if USD/JPY is going to hold current gains after recent BOJ Haruhiko Kuroda comments about inflation target and monetary easing program.

Technically speaking CAD/JPY could be in wave 3 now looking towards 88.00 area, also the HS target. I talked about this on twitter last week where I post a lot of other free content and analysis. Make sure to follow me here.




 

Support Line On Bund Can Cause Pullback For EURUSD

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April 21 2021

The USD is seeing some recovery as stock market comes down where more expected weakness in the near term means that EURUSD correction can be deeper ahead of ECB tomorrow. From a technical perspective we still see bunds at the trendline support which is another reason for a pullback on EURUSD, as warned yesterday on twitter here. Pullback is normal for the EURUSD as rally from April low is seen in five waves; so it's a pause on the way up it seems. Support is at 1.1940 and at the trendline.




 

Surfing the Waves Apr 20 2021 -Video Update

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April 20 2021

Hey traders!

Below is new video analysis sponsored by Orbex.com

ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. No obligations
APPLY HERE



*source

 

Elliott Wave Analysis: AUDUSD is breaking out of a flag pattern

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Apr 19 2021

New video; covering AUDUSD and GBPUSD

Grega

 

ALTCOINS at historic highs vs Bitcoin-Be Carefull

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Apr 19 2021

Based on current price extremes and BTC-ALT ratio I think we should be very careful and selective with coins.

If we look back to 2017 extremes, then we may assume that any new strong drop on bitcoin can impact alt coins- you should be very selective during next upcoming phase that may not be far away. But do not freakout, just bank some and wait on dips, and look at log charts when they show up.




 

Elliott Wave Analysis: Crude oil searching for a support

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Apr 13 2021

Crude oil is in strong uptrend since last year, due to limited oil production because of lower demand due to global lock-downs. We see a nice and strong uptrend that has slowed down last month for a correction. Corrections are always healthy as they tend to attract new buyers after retracement.

I am looking at the price action from an Elliott wave perspective and it appears that this can be a fourth wave, likely headed even lower in the near-term as corrective a-b-c pattern appears incomplete. In ideal formations fourth wave will retrace back to 38.2% Fib level where price may stabilize,possibly in May when most of lock- downs can be removed and oil demand will then increase which could lift price.

In fact, in recent report by OPEC they noted that demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6% which is up 70,000 bpd from last month.

They also mentioned that vaccination programmes will cause increased mobility.


CRUDE OIL


 

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