Thursday, June 30, 2016

USD/SEK - About to pop

Similar to the dollar index (DXY) it appears we are in a wave 4 and about to break out. I believe we are currently in a minor wave 2 of a larger wave 3 and a drop below 8.0940 would invalidate this scenario.




Wednesday, June 29, 2016

S&P - More upside to come

In what looks like an expanded flat wave 2 completed at 1990 which suggests the S&P has still a long way to go to the upside. I think all the price action starting from 2009 is a larger wave 5 so when the pattern completes in a few years multiple years of decline will follow.



EUR/GBP- Correcting before move higher

The third wave of wave 5 has ended at 0.8375 and is now correcting ideally towards 0.8075. Then a final move higher will complete a 5-wave structure which started at 0.6930. This pair broke out a double zigzag pattern that started in 2008 so I'm long term bullish on this pair. However, after 5 waves are complete it will correct for months before a strong up move will take place.




Monday, June 27, 2016

AUD/NZD - One more push down

The triangle is almost complete so one push lower is expected. From there a big upmove is likely.


Friday, June 24, 2016

EUR/AUD - About to turn up

The corrective structure which started from 1.5650 appears to be finished at 1.4857. A move back to 1.5650 (and beyond this level) to complete a zigzag is now likely.


Wednesday, June 22, 2016

Gold - completed a first 5-wave structure at 1315

The dollar looks to become stronger, Gold completed a 5-wave structure at 1315 and should go down now in a corrective fashion. This will likely give the dollar a short term boost across the board.

Tuesday, June 21, 2016

GBPUSD - Ready to correct lower

It looks that a A-wave is complete and I expect it will correct lower in a B-wave from here.

Monday, June 20, 2016

EUR/USD Wave B may end near 1.1430

Within a larger degree correction, wave C of wave B might end at 1.1430 (C=A). This B wave can still be a triangle though.

CHF/JPY Larger correction might be done

This pair is in a C wave and is bottoming out. I would consider a long when there is a break-out from the Ending Diagonal it is currently in.