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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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Elliott Wave Analysis Service
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  • Both Elliott Wave Count Suggest For Higher GOLD

    GOLD has turned strongly to the upside last week, above 1300 so looks like market is in new impulsive upward cycle on intraday charts. We are tracking two counts, and more importantly both are showing fourth wave in progress. First, and primary count is showing idea of a triangle in wave (iv) so break to the upside, towards 1330 could follow in the next 24-48 hours.
    GOLD 1h Elliott Wave Analysis #1


    The second count is also bullish, but it shows the possibility of a retracement back to 1300 before we get a bounce. At the moment none of the pattern is complete, but we will be looking for a reversal up in this week for sure. I will be tracking gold closely here, and post the updated count, if I will spot a completed pattern
    GOLD 1h Elliott Wave Analysis #2

    Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service

    Tags: GOLD, GLD, XAUUSD, GOLD
    Jun 23 5:57 AM | Link | Comment!
  • GBPUSD Elliott Wave Analysis: Uptrend View In Play

    GBPUSD remains in uptrend after recent retracement down to 1.6924 which was wave 4 as highlighted in our past updates. We see prices now in wave 5 that has a target around 1.7100, so for now uptrend remains in play but we should be on alert of a bearish reversal if/when 1.6924 support gives way.

    GBPUSD 4h Elliott Wave Analysis

    Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service

    Tags: GBP, Pound
    Jun 19 5:39 AM | Link | Comment!
  • German Dax Price Continue To The Upside

    German DAX is rallying this morning, up in third leg of recovery which has been expected as noted yesterday in our updates. Now we have three legs up from 9826 and at this stage it's unclear if recovery is corrective, a)-b)-c) move, or will market continue to the upside in wave iii) of 5. We will have to wait on more price data. But something is very clear, if price goes back beneath 9900 this will open room for 9800.
    German DAX (June 2014) 1h Elliott Wave Analysis

    Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service

    Tags: DAX
    Jun 17 4:48 AM | Link | Comment!
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