Gregor Horvat | TalkMarkets | Page 62
Forex Technical Analyst
Contributor's Links: Wave Traders
Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of wavetraders.com, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ...more

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Elliott Wave Analysis: Bears Still In Charge; 1.3300/1.3500 May Be Reached At Year's End
Cable has recovered strongly over the past three months, but based on structure and personality of a bounce we assume it can be a corrective move.
Elliott Wave Analysis: Gold May Reach New Highs
Gold is trading quite nicely from the lows at 1243.88, from where we labeled end of black wave C and is now ideally trading in a new bullish cycle.
Elliott Wave Analysis: Cable Still In A Correction; Move Beneath 1.4500 Would Indicate More Weakness
GBP/USD is trading to the upside this week from 1.4330 so it appears that corrective wave two is still underway.
Elliott Wave Analysis: Triangle On S&P 500 Seems Completed; 2010 Zone Could Follow
S&P 500 looks to be trading in the same situation as the DAX, both showing signs of a complex correction near completion.
Elliott Wave Analysis: EUR/USD Continuing Towards 1.1217
EUR/USD is trading lower for the last few weeks away from 1.1616 where pair found a high of a complex corrective recovery up into blue wave C-circled that represents part of a big triangle on a daily chart.
USD/CHF: Bulls Taking Over; Ideally Reaching For 0.9900
Reason for a low in place is an impulsive rally from 0.9442; that's a five wave pattern that confirms a change in trend from bearish now to bullish mode.
Elliott Wave Analysis: Bulls Taking Over Wave Five
The USD/CHF pair has been in a big pullback since the end of 2015 and is in a corrective and temporary decline.
Elliott Wave Analysis: EUR/USD Trading Near The Support Line; Break Beneath It Could Put Weakness In Play
EUR/USD is trading lower for the last few weeks away from 1.1616 where market might found a high if we consider a complex corrective recovery up into blue wave C-circled that represents part of a big triangle on a daily chart.
Elliott Wave Analysis: AUDUSD Reaching For New Lows; Price May Slow Down For Wave 4
AUDUSD has fallen very aggressively last week from 0.7720 that appears to be wave three of an impulsive decline, so we need to consider the idea that top is in place and that big downtrend continuation is in the cards.
Elliott Wave Analysis: GBP/USD May Aim For 1.3300/1.3500
Cable is in recovery mode for the past three months, but based on structure and personality of a bounce we assume it can be a corrective move.
S&P 500: Temporary Correction Seems Near Completion; Ending Diagonal Suggest Higher Prices
E-mini S&P500 has turned nicely lower in the last two weeks after a break beneath the trendline support connected from end of February.
Elliott Wave Analysis: USD/CHF Making A Bullish Turn
USD/CHF was trading sharply lower last week after pair completed wave corrective rally near 0.9780.
Elliott Wave Analysis: S&P 500 Trading Near Support; Higher Prices Are In View
E-mini S&P500 fell nicely last week as expected after a break beneath the trendline support connected from end of February.
USD Index: Flat Of A Higher Degree In Final Stages
On the USD index daily chart we are observing a big sideways, slow and overlapping price action which is a personality of a contra-trend movement.
AUDUSD: Higher Degree Correction Can Be Over And More Weakness Could Follow
AUDUSD broke higher recently, up into wave C-circled that is part of a big corrective wave IV which looks like a flat.
AUDUSD: Bearish Reversal In Action, 0.7500 In View
AUDUSD broke sharply to the downside two days back; maybe it was n wave 3) as part of a new bearish impulse, but we still need another wave down to 0.7500 to confirm a top in place at 0.7836.
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