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AUD/USD Elliott Wave structure suggests that a wave IV low may form soon. We will be looking to buy dips in the 1.04-1.0450 region with stops below the Wave I highs at 1.0380 and targets above the Wave III highs at 1.086.
USD/CHF Elliott Wave pattern suggests that the A-B-C corrective pattern may be complete. A break above the indicated trend line will add more confidence to this view. In case the correction is complete we will be looking for a move higher...
Silver (XAG/USD) has found resistance at the weekly trend line that has guided the metal lower from its highs in the 50 region (Figure 1). The pair has drafted a doji and we will be looking lower towards a test of the channel bottom...
The Elliott wave pattern for Oil indicates that the Wave IV correction may be over and it may be in a Wave V rally which should lead it higher with an eventual target above 110. Commodity wave V moves can be very aggressive and sometimes...