Oil is bouncing off 74 Oil has tested the broadening wedge support 74 and bounced. We have a consolidation around these levels now looking higher in this medium-term consolidation formation. Only a confirmed break below 74 could lead to a substantial downside continuation, but the long trade opportunities seem […]
Oil is testing the broadening wedge support Read More »
Elliott Wave technical analysis with trading signals for NZDUSD, AUDUSD, USDJPY, DXY, EURUSD EURUSD Is likely looking to finish the five waves down. Look for the invalidation of the further downside and finish of the five waves down upon a confirmed break above 0.9700 and a test of 1.000o
Elliott Wave technical analysis with trading signals Read More »
NASDAQ bouncing off 11500 NASDAQ upside swing consolidation seems to be finished and we are expecting an extension higher to significant 12400 long-term resistance. A break above this resistance is required for a complete upside reversal and a test of 13500. Short-term for the move higher NASDAQ is supported
NASDAQ uptrend swing consolidation finished Read More »
Daily market overview EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN Click on the chart image to enlarge it USDJPY The pair is breaking for the first time above strong wedge resistance 118. It is reaching 2015 extreme 125 and is breaking above it. Look at this like the final stage
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GBPUSD is holding the 1.1700 support GBPUSD is breaking higher above 1.1800. The breakout higher is coming after the 1.1700 support test and bounce. An extension above 1.1800 calls for more upside and a test of the most significant upside resistance 1.12300. This will make the complete upside reversal
GBPUSD is moving higher Read More »
