Elliott-Waves-2_0

Elliott-Waves-2_0

The USD/JPY is close to its target at 148.781. The only thing missing is the completion of the 5 of the 5. In the final 5, I have refrained from drawing in the sub-waves for the sake of clarity. In the big picture, we must then wait and see whether only a major correction is pending or whether the USD will continue its negative trend against the yen, which has...

Elliott-Waves-2_0

The ideal target for the end of the downward movement would be around the 50 retracement. Subsequently, the U.S. oil brand should rise again significantly. Whether the last high is cracked, or whether only a larger correction sets in here, we will have to wait and see.

Elliott-Waves-2_0

The downtrend in gold should be on its last moves. The target of the final wave should be between 1594 and 1608. At the moment, it seems most likely that it then goes in the direction of new all-time highs, however, from the mentioned level, only a larger correction can start.

Elliott-Waves-2_0

The German benchmark index should not have reached its low yet. I expect that the downward trend should find its end in the area between 11044 and 11449 and from here, at least for the moment, a strong correction should begin, if not new record highs could be reached from here.

Elliott-Waves-2_0

The pound should probably be on the verge of a correction to the 1.24 area after the crash of the past few months. However, the final low in the area between 0.90 and 0.94 is still on the agenda to follow this correction. It would also be conceivable that the large correction of 1985 to 2007 represents an x at a higher level. This would intensify the downside...

Elliott-Waves-2_0

The current downward move should be close to completion, but it still lacks a low in the area between 0.965 and 0.971. Following this, there should be a small rally to the area around 1.08 (this can only be determined more precisely after the completion of the pending low), to reach its final low around 0.80 from here.

Elliott-Waves-2_0

I think we will see another new high within the ongoing correction in the form of the orange z at the beginning of next week. Subsequently, the price should fall to the 1.00. Only afterwards, the rally could continue and WTI form a multi-year high in the area of $ 137

Elliott-Waves-2_0

The Dax may have completed the blue x with today's low at 13469. At the ideal target of the green (c) and the yellow circled Y, the downward movement could be stopped for now. Whether this is sustainable and the Dax starts another attack on the all-time high from here, the next few days will show. However, my preferred scenario is a final high. The minimum target...

Elliott-Waves-2_0

In the DXY, it currently looks like we are in the last legs of the downward movement. Here, an implied EDT could be developing as a white v of the red (c). Thus, a downward wave would still be missing. The ideal target, the 1.00 extension, of the pink Y would be fairly close to the trendline drawn below. However, for me, a close below the last low would be enough...

Elliott-Waves-2_0

Just as in the Dax, another high could be in store for the Dow. However, I think this scenario is more likely in the Dow. In this case, the Dow would also have only one more x built-in on Friday. I have rebuilt my count a little compared to the last post, by placing the red x of the orange (z) now on the low at 29430. In the now running yellow circled z we would...

Elliott-Waves-2_0

In the Nasdaq, too, a further high currently seems more likely than the direct way down. But also here I would like to emphasize again that this is not a necessary and the last posted count until the break of the high is still valid. In the yellow y, we have already left the 1.00 extension behind us. However, I have noticed that unlike in many other markets, the...

Elliott-Waves-2_0

As described in my last analysis, the Dax has reached with the last high at 14137 only the minimum target, in the form of the 0.618 extension, of the yellow circled z. In all other waves, the mandatory targets have already been reached. However, there is still potential to the upside. So far, only the 0.618 extension has been reached in the pink (z). The next...

Elliott-Waves-2_0

Due to the fall of the May contract into negative territory, oil can hardly be counted superordinate, as this is not provided in the EWT. Therefore, I have here only the last movement counters. Here it is not yet quite clear whether the final yellow (z) only the red w (here Alt. w) was completed or whether it was already completed. The 0.618 minimum target was...

Elliott-Waves-2_0

I also expect the dollar to make a comeback in this pair. Looking at the monthly chart, I am currently still missing a low, so I see the rise since the low in March only as the green X. I expect another low which should find its end in the area of the low in 2009. It is currently not quite clear whether another high is missing before the market goes into reverse gear.

Elliott-Waves-2_0

Taking a closer look at the yellow precious metal, we have to state that, as in many forex pairs, an impulsive count is not possible and the market only forms 3-3-3 patterns.Looking at the current upward movement since 2015 and especially the run after the low in March is clearly a three-wave pattern. The question here is whether we have already reached the high,...

Elliott-Waves-2_0

In this pair, it is currently not quite clear to me whether the white circled X was actually already completed or whether here after the completion of the blue C still follows a downward wave. Which should ideally break the low in 2016 at 98.7 once again. With a view to the other dollar pairs, however, I have decided for this count.

Elliott-Waves-2_0

The Nasdaq may now have finally ended its upward momentum that began in 1985. The mandatory target of the superior wave 2, which should have been started now, is the 38.2 retracement of the entire movement and is currently at 8125. The downward movement since the high can be counted as a five-wave and thus represents a first important indication for the correction...

Elliott-Waves-2_0

I have checked all my forex analyses again extensively in the last few days and have to discard my last EURUSD count, also with a view to the other dollar pairs. Basically, there is still some upside potential here. But the movement can also be counted finished. So that now the blue C could have been started.