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Mid-week market update 17th July 2019

17 July 2019 2:59pm

EURUSD fell further today to break out of the previous three-wave pattern. We still think this decline is part of wave 'b' within in wave (ii). That count suggests a further rise back up to 1.1290 now to fill the trend channel again in wave 'c'. And this will create a larger three-wave pattern in...

The Week Ahead 15th July 2019

15 July 2019 11:42am

EURUSD corrected in three waves today off the wave 'a' high. So far the wave (ii) correction is going as planned. It looks like wave 'b' is now done, and wave 'c' higher should follow on Monday to take us back up to 1.1320 or so to complete wave (ii). Once that completes,I will be looking for a...

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10 July 2019 4:31pm

  EURUSD is drawing to a close in wave (i) down now. A slight new low today brings us that much close to support, I would prefer if support did break in wave (i) so that we can rule out the alternate count. Either way, I think we will see at least a three wave rally begin this week in wave (ii)....

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Week Ahead 8th July 2019

8 July 2019 3:03pm

    XAU: Gold topped out last week circa 1440. The Friday session saw heavy selling in what we see as an ABC flat correction to finish the correction in wave 4 marked in red.  The US non-farm payroll did little to sway the bullish sentiment on this pair and we still see significant upside to at...

Market Reports