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NZD/USD Back In Downtrend, Crude Oil Testing Neckline-Elliott Wave Video

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Oct 24 2017

Good day traders!

We have seen some nice breakdown on NZD/USD last week, a push below two-year old trendline support which means that pair can be in a new bearish cycle. We are tracking an impulsive decline, meaning that weakness is expected to stay here until we see a big five wave drop from 2017 high. It’s a long way to go, thus an opportunity on the short side. I was looking for shorts overnight but missed them slightly above 0.7000, but want to give it a new try on a retest of that level, of-course after an a-b-c recovery that I expect to see by the week end.

If you want to hear more about NZDUSD then I invite you to watch my latest video analysis, in which I also talk about big Head and Shoulder pattern on crude oil and bullish view on GBPAUD.

Elliott Wave Video: Market Overview

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Oct 18 2017

In our new video I will look at Gold, 10 year US note, AudUsd, Bitcoin and Crude Oil



If you want more updates daily on different markets (FX, GOLD, OIL, SILVER, BITCOIN) then now can be your chance.

BitCoin Breaks Above 5k! Video

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Oct 12 2017


Today Bitcoin is breaking above 5000 level so we think it may be interesting to see where we go from here based on technical levels. I will also make a quick look at the USD index and EURUSD. 
Enjoy the video, GH

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If you want more updates daily on different markets (FX, GOLD, OIL, SILVER, BITCOIN) then now can be your chance.

USD Index Cylce and USDCNH

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September 29 2017

If you are paid member of our services, or watch our free charts and video updates then you know that we are still expecting another leg up on USD Index to complete bullish cycle from 2011. We think that USD index is now at some very interesting levels near 90.00, a strong support from where uptrend may resume. Well, some USD-based currency pairs will form tops or bottoms earlier than others, and potentially signals for upcoming turning point. USDCNH can be one of them; it's pair that has been in a nice uptrend since 2013; clearly in five waves followed by a three waves set-back to the area of a former wave four. We have seen a nice bounce from that region in the last three weeks which can be an important evidence for more upside. If that's the case then USD Index may also experience bullish price action by the end of the year, especially if we also consider that "corrective cycle" since 2015 may be near completion based on past two cycles that ended in 2011 and 2014.







Expect A "Pop-up" on Vix As S&P500 Search For Wave 3 high

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September 27 2017

Vix is at very low levels, a potential support if we respect reaction from the past and pick up in volatility . Normally this occurs when stocks are in corrective pullback, so we would not be surprised to see a new "pop-up" on Vix soon, maybe already this year, if we consider that S&P500 is trading at potential highs for a third wave.
GH



If you want more updates daily on different markets (FX, GOLD, OIL, SILVER, BITCOIN) then now can be your chance.

USDCAD Searching For Resistance

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September 25 2017


USDCAD is trading bearish overall, but on 4h chart we see price rising. This rising price action may only be temporary, as we see price trading within a complex correction of wave 4. Ideally a double zig-zag pattern is in the making within wave 4, which may search for resistance near the Fibonacci ratios of 23.6 or higher near the 38.2. resistance zone. Previous swing high at 1.2414 and 1.2668 level can also offer resistance and turning points.

USDCAD, 4H


We also see crude oil bullish, currently in a contracting range; a triangle which is continuation pattern, so it may cause a new leg up while market is above rising trendeline support. Further upside on energy market may cause stronger CAD.

Crude oil, 4H


 


 

AUDNZD In A Correction Within Uptrend

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September 11 2017

AUDNZD looks nice, now sideways after some sharp move through August. I think this trend may resume to higher levels after current wave four is done. One possibility is that this is a triangle in wave 4) while above 1.1022 holds. If this swing is broken then wave 4) can be deeper, but still corrective set-back that may stop later at 1.0979 support. That said, sooner or later price can be at the highs, unless we see fall below 1.0858!
GH




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