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Hello traders and investors!

Today we will talk about AUDUSD currency pair; its price action from a technical point of view, and structure from the Elliott Wave perspective.

Aussie made a five-wave decline on a daily chart into wave A, which can find the base here, around important 0.7000 support zone , especially if we take a look at the 4-hour chart where we see five sub-waves down within wave 5 of A with RSI divergence which normally suggests that bears are losing strength.

Aussie is actually already coming nicely higher for the last few sessions, now approaching the channel resistance line, which can be taken out this week on some optimism after RBA comments that "The omicron is not expected to derail the recovery". At the same time, we see stocks also moving nicely higher, now in risk-on which can be positive for the pair.

If we are on the right track, then Aussie can be at the start of a higher degree recovery. However, for now we may see a minimum three-wave (A/1)-(B/2)-(C/3) rally towards 0.72 area or even higher. We assume that intraday setbacks can be interesting.

Trade well!
 

Elliott Wave Analysis: AUDUSD Can Be Looking For A Recovery by ew-forecast on TradingView.com

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Hey traders,

Commodities have seen some sharp recovery in the last few months, but we see five waves up now, so maybe it's time for some pullbacks, especially while the USD is breaking higher across the board, after FED's tapering policy. Watch the video analysis below:
 

Pullback On Commodites Is In Play, While USD Is Moving Higher by ew-forecast on TradingView.com

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Hello Crypto traders!

Today we will talk about BNBBTC pair, in which we see very nice and clean EW pattern.

If we take a look on BNBBTC daily chart , we can clearly see it unfolding a bigger, higher degree (A)-(B)-(C) correction. Currently we can see it trading in final stages of an A-B-C pullback within wave (B) that can be followed by another sell-off within wave (C), similar as in May 2021.

So, if we are on the right path, then Binance coin may see limited gains and could turn down anytime soon, which can send the BNBBTC price down to 0.0065 - 0.0040 support zone before bulls show up again.

Be humble and trade smart!
 

Elliott Wave Analysis: BNBBTC Is Looking For Wave (C) by ew-forecast on TradingView.com

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Markets are in risk-off mode as the media is spreading fear about the new covid variant. But everything is maybe just too pessimistic if we consider there are no deaths and no hospitalization for a new variant! However, markets do not like uncertainty so we are seeing a sharp sell-off on stocks, even commodities are coming down which is making a dollar, jpy and chf very strong. DAX is coming down but into some support at around 15k with five waves down, so rally can be coming in three waves. Resistance is at 15500/15450, where a new sell-off may show up, but only once we have an a-b-c rally.

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Hello traders and investors!

Today we want to show you an interesting chart with clear Elliott Wave pattern suggesting deeper correction, which may have an impact on stocks across the globe.

We are talking about Emerging markets ( EEM ), where we clearly see a completed five-wave cycle from March 2020 lows following by bigger and deeper (A)-(B)-(C) correction. As you can see, after we noticed a bearish triangle pattern in wave B), we can now see it breaking even lower, ideally for wave (C) that can send the price down to 42 support area .

If that's the case and EEM goes sharply and impulsively for wave (C) then be aware of a bigger decline on stocks now at the end of the year.

Trade and invest smart!
 

Emerging Markets Indicates Deeper Correction On Stocks by ew-forecast on TradingView.com

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Hello traders!

ETHUSD is trading perfectly as expected and after recent three-wave A-B-C correction in wave (B)/(2), we can now see it sharply down right from projected 4500 resistance area and golden 61,8% Fibo. retracement. So, seems like wave (C) or (3) is now already in progress with room at least down to 3700-3600 area for (C) if not even lower within wave (3).
 

ETH Is Looking For A Black Friday Discount by ew-forecast on TradingView.com

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Hello traders!

Today we will talk about AUDNZD currency pair, where we see quite clear bullish EW pattern.

As you can see, AUDNZD made a five-wave impulse from the 1.0280 lows, which is first leg of a minimum three wave recovery. We know that after every five waves, a three-wave A-B-C corrective setback follows and we can see now a completed A-B-C corrective decline nicely connected within channel range.

Well, with current rebound by five waves and back above channel resistance line, seems like AUDNZD is ready for third leg up, which can send the price at least back to October highs and 1.06 - 1.07 area, just be aware of short-term intraday pullbacks.

Be humble and trade smart!
 

Elliott Wave Analysis: AUDNZD With Bullish Setup by ew-forecast on TradingView.com