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Analysis Technical analysis

Daily Elliott Wave Forecast: SPX500, BITCOIN, USDCAD (25.01.22)

The SPX plummeted ~4% on Monday but on an intraday basis as traders bought the dip with force, driving the index 4.65% higher. This leads to a potential correction in the fourth wave of the expanding flat wave (C). Bitcoin was not immune and replicated both the plunge and the soar as it fell 10% […]

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Analysis Technical analysis

Daily Elliott Wave Forecast: SPX500, WTI, SILVER

The SPX has found support at the base channel near 4450 as part of wave 3 of an expanding wave flat C after falling c. 3.5% from its high yesterday. Wave 5 seems incomplete. The prices of OIL have lost some 5% as well since Thursday’s high at $87.70, however, the downside move looks corrective […]

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Analysis Technical analysis

Daily Elliott Wave Forecast: SPX500, USOIL, USDDJPY (19.01.22)

Bringing the expanded flat variation back into the game has proven decent as the SPX plummeted over 4% since the correction high at 4750 in what looks to be a wave 3. Nearing 4500 increases the probability of it being validated. Oil prices have registered a fresh 8-year high and could continue to ascend given […]

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Analysis Technical analysis

Daily Elliott Wave Forecast: EURUSD, GBPUSD, SPX500 (18.01.22)

Euro’s reversal before reaching invalidation hints at a bearish impulse 0.80% lower from the swing high of 1.1483. A short-term correction could lead to increased selling pressure. Pound has more losses to recover as it trades nearly 1% lower from the 1.3750 high registered last week. Despite looking impulsive towards the downside, its structure points […]

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Analysis Market overview

Top Market Opportunities 17.01.2022 – 21.01.2022

Busy Week for US Big Companies Last week US inflation data showed that the CPI continues to print multidecade highs. However, markets initially shrugged off the release as the year-on-year figure matched consensus. Despite the US being closed on Monday in observance of Martin Luther King Day, all indices are expected to fluctuate for weeks […]

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Analysis Market overview

Daily Elliott Wave Forecast: EURUSD, SPX500, GOLD (06.01.22)

The EURUSD structure hints at the end of the correction in wave (4) and the initiation of (5). With a 5-wave impulse already printed, any upside is expected to be short-lived. The SPX spike to all-time highs has recorded what seems to be the third wave of an ending diagonal with a correction expected down […]

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Analysis Market overview

Daily Elliott Waves Forecast: EURUSD, SPX, GOLD (03.01.22)

Euro climbed to the 38% Fibonacci retracement at 1.1379 against the dollar. But it remains under pressure as it draws a corrective structure. The SPX is setting itself up for yet another all-time high, whether printing an impulse or a diagonal. However, it could weaken below 4745 in the short term. Gold’s upside leg looks […]

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Analysis Technical analysis

Weekly Elliott Wave Forecast: SPX500, GBPUSD & USDJPY

The SPX structure continues to hint at new all-time highs while above 4755 as a motive wave seems to be on its way to completion at higher levels. GBPUSD’s double-three correction looks complete as the surge off $1.3160 points at an impulsive move up. Can we finally break the descending channel? The USDJPY structure looks […]

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Analysis Technical analysis

The Daily Market Watch: SPX500, GOLD & BTCUSD (28.12.21)

The SPX registered an all-time high on Monday at 4790, recording a ~1.20% gain, and seems poised to continue its ascent. The prices of gold also moved higher but met resistance at the 50% Fibonacci. The 0.44% upside facing a strong level at $1850 certainly makes a difficult case for bulls. BTC saw some outflows […]

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Market overview

Top Market Opportunities 27.12.2021 – 31.12.2021

SPX Poised to Prints New All-Time Highs Despite Omicron cases enabling fresh lockdowns, consumer confidence remains undeterred as we draw to the end of 2021. As a result, the US Dollar saw a dismal close last week on risk sentiment increasing, with stocks reaching all-time highs regardless of Fed’s hawkish rhetoric. While still on, weak […]

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