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Daily Elliott Wave Forecast – EURUSD, OIL, SILVER (20.05.22)

Euro continues to accelerate against the Dollar as the trading week comes to a close. Despite looking impulsive, there are striking structures hinting at correction. In the short term, however, more upside is plausible. WTI holds firm above the $100/bbl barrier and although looking corrective to the upside, a flat offers bullish bias. In the […]

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GBPUSD 20.05.2022

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.24657-1.24509 and it is going to the target zone №2 1.26137-1.25989. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.23764-1.23616. In case of the […]

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GOLD 20.05.2022

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1782.39-1775.19 and it has a potential to reach the target zone №2 1710.39-1703.19. The best prices to try to have a short position are the control resistance zone 1865.89-1858.69. In case of the price is fixed upper the control […]

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Daily Elliott Waves Forecast: SP500, GER40, USDCHF (19.05.22)

The SPX index reversed lower and it did this quite forcefully, hinting at further downside. Can the impulsive-looking leg surprisingly turn into a correction that leads to a reversal instead? Wave C seems unfinished for now. The German DAX, on the other hand, has a more clear correction printing out. And it’s downward. However, it […]

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EURUSD 19.05.2022

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.05510-1.05414 and it is going to the target zone №2 1.06470-1.06374. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.04677-1.04581. In case of the […]

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BRENT 19.05.2022

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 111.107-109.857 and it is going to the target zone №2 123.607-122.357. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 101.444-100.194. In case of the […]

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Daily Elliott Wave Forecast: EURUSD, GOLD, NATGAS (18.05.22)

Euro has made an impressive comeback against the dollar, but is this the reversal everyone expected? There are several short-term variations at play and a few of them will give us invalidation soon. Gold prints our main scenario where the minute wave 3 is going to be extended lower. Minuette wave (i) is completed, but […]

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NZDUSD 18.05.2022

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 0.62881-0.62741 and it has a potential to reach the target zone №2 0.61481-0.61341. The best prices to try to have a short position are the control resistance zone 0.63700-0.63560. In case of the price is fixed upper the control […]

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BTCUSD 18.05.2022

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 26428.70-25975.44 and it has a potential to reach the target zone №2 21896.10-21442.84. The best prices to try to have a short position are the control resistance zone 30232.32-29779.06. In case of the price is fixed upper the control […]

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Daily Elliott Wave Forecast: NASDAQ, WTI, GBPUSD (17.05.22)

NASDAQ stopped at a Fibonacci cluster and reversed after forming a 5-wave leg downward. Can this turn into a full-blown reversal or only a short-term correction? OIL completed the flat pattern expected and started to move higher in its 3rd wave. Without breaking the base channel, however, it could easily turn into a double three, […]

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