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Analysis Technical analysis

Daily Elliott Wave Forecast – XAUUSD, GBPUSD, NZDUSD (23.05.22)

GOLD prices printed several bullish bars on the daily chart but our main scenario still sees a correction rather than a reversal. As the projection in wave C hints at more downside, will the golden pocket near $1862/oz offer rejection? POUND continues its ascend and could break into fresh May highs this week if $1.26 […]

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Analysis Technical analysis

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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Analysis Technical analysis

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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Analysis Technical analysis

GBPUSD 13.05.2022

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1.22663-1.22491 and it has a potential to reach the target zone №2 1.21183-1.21035. The best prices to try to have a short position are the control resistance zone 1.23276-1.23128. In case of the price is fixed upper the control […]

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Analysis Market overview

Top Market Opportunities 09.05.2022 – 15.05.2022

Last week the Fed, BOE, and RBA hiked interest rates as inflation continues to rise, with recent PMI data showing that inflation is set to rise even more. Central banks are faced with the difficult task of balancing the control of inflation while minimizing the potential damage from tightening as risks of an economic downturn […]

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Analysis Technical analysis

Daily Elliott Wave Forecast: EURUSD, GBPUSD, SP500 (06.05.22)

Euro plunged against dollar after completing wave 4, which gives bears an opportunity to form a new low. 1.0375 and 1.0214 become major levels now. On the other side, 1.0645 could be the resistance break to offer a bullish reversal. Pound plummeted to fresh lows near 1.2325, registering a fresh low, contrary to eurodollar. Since […]

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Analysis Technical analysis

GBPUSD 06.05.2022

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1.22663-1.22491 and it has a potential to reach the target zone №2 1.20943-1.20771. The best prices to try to have a short position are the control resistance zone 1.25140-1.24968. In case of the price is fixed upper the control […]

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Analysis Technical analysis

GBPUSD 29.04.2022

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1.24383-1.24211 and it has a potential to reach the target zone №2 1.22663-1.22491. The best prices to try to have a short position are the control resistance zone 1.26001-1.25829. In case of the price is fixed upper the control […]

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Analysis Technical analysis

Daily Elliot Wave Forecast: GBPUSD, GOLD, AMAZON (28.04.22)

The British pound is down nearly 3% this week as it plummeted to a 2-year low this morning alone. The downward leg is part of an extended wave 3 that is projected to move closer to 1.20 in the medium term. Gold has plunged nearly 3.5% since the week’s open, with the move considered to […]

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Analysis Technical analysis

Daily Elliott Wave Forecast: EURUSD, GBPUSD, ALPHABET (25.04.2022)

Euro continues to fall against the dollar despite looking corrective. It seems minor wave 1 of (5) has been completed, though. This foretells we have 4 more waves to go before ending the primary bearish trend. Pound also weakened against the greenback, however, its drop was significant and quite impulsive one might add as the […]

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