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XAU/USD Technical Analysis (Bullish Wave)

XAU/USD Technical Analysis
Date: 13-Dec-2017
Current price: 1252.70
Expected price at 1-Feb-2018: 1395.050

Daily Chart Analysis:
1- Candlestick Pattern Analysis:
Bullish:
-
Bearish:
-
2- Elliott Wave Analysis:
Minor Degree - Impulse Wave: ( 9-Jul-17 - 9-Feb-18 )
(B) 09.07.2017 1204.832
(1) 07.09.2017 1357.498
(2) 28.12.2017 1224.460
(3) 19.01.2018 1420.087
(4) 30.01.2018 1391.050
(5) 10.02.2018 1402.190
Weekly Chart Analysis:
1- Candlestick Pattern Analysis:
Bullish:
-…
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USD/CHF Technical Analysis (Bullish Correction)

USD/CHF Technical Analysis
Date: 12-Dec-2017
Current price: 0.98868
Expected price at 1-Feb-2018: 1.01560
4-hours Chart Analysis:
1- Candlestick Pattern Analysis:
Bullish:
-
Bearish:
Spinning Top
2- Elliott Wave Analysis:
Minuette Degree - Impulse Wave: ( 8-Dec-17 - 20-Dec-18 )
(c) 08.12.2017 0.99774
(i) 12.12.2017 0.98898
(ii) 12.12.2017 0.99354
(iii) 17.12.2017 0.97941
(iv) 18.12.2017 0.98397
(v) 20.12.2017 0.96572
Daily Chart Analysis:
1- Candlestick Patte…
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GBP/USD Technical Analysis (Consolidation)

GBP/USD Technical Analysis
Date: 12-Dec-2017
Current price: 1.33133
Expected price at 1-Feb-2018: 1.33174
Weekly Chart Analysis:
1- Candlestick Pattern Analysis:
Bullish:
-
Bearish:
Harami
Spinning Top
2- Elliott Wave Analysis:
Primary Degree - Impulse Wave: ( 13-Jul-17 - 03-Jun-18 )
(C) 14.07.2014 1.71910
(1) 12.04.2015 1.45656
(2) 17.06.2015 1.59294
(3) 06.10.2016 1.19198
(4) 03.01.2018 1.38270
(5) 03.06.2018 1.12621
Conclusion:
GBP/USD instrument has finished the p…
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USD/JPY Technical Analysis (Bullish Wave)

USD/JPY Technical Analysis
Date: 12-Dec-2017
Current price: 113.529
Expected price at 1-Feb-2018: 119.486
4-hours Chart Analysis:
1- Candlestick Pattern Analysis:
Bullish:
Belt-hold
Long Line
Bearish:
-
2- Elliott Wave Analysis:
Intermediate Degree - Impulse Wave: ( 08-Sep-17 - 01-Mar-18 )
(C) 08.09.2017 107.318
(1) 05.11.2017 114.735
(2) 27.11.2017 110.841
(3) 13.01.2018 122.844
(4) 05.02.2018 118.950
(5) 01.03.2018 139.288
Conclusion:
USD/JPY instrument has started…
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EUR/USD has bearish bias

EUR/USD has bearish bias after the recent head and shoulder pattern formation. The pair is tracing the wave 3 of the 1-2-3-4-5 emotive elliot waves and is at around 61/8% (1.1649) fibonacci expansion level. The pair will likely fall towards 100% (1.1509) level and further.
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GBP/AUD is bullish

GBP/AUD is bullish. Currently the pair is tracing a rising reverse wedge pattern. The pair is probably tracing the wave 1 of the 1-2-3-4-5 Elliot Emotive Waves.
Important Fibonacci Levels (both Retracement and expansion) are:

Expansion of levels 1.7181 and 1.5542

161.8%(1.8419)
100%(1.7793)
61.8%(1.7406)

Retracement of levels
1.7181 and 1.5542
0%(1.7181)
23.6%(1.6842)
38.2%(1.6794)
50%(1.6674)
61.8%(1.6555)
100%(1.6168)
161.8%(1.5542)
Daily Chart
Weekly Chart
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mrlfx avatar
mrlfx 17 Nov.

GBPAUD is bullish. The pair is tracing a large reverse A-B-C-D-E Triangle. The pair is likely to move up towards the upper trendline.

mrlfx avatar
mrlfx 17 Nov.

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Analyzing USD/JPY

USD
In USA Federal Reserve of United states of America is likely to keep the Interest Rate unchanged at 1 to 1¼ percent in next monetary policy meeting. In the view of FOMC members the US economy is expected to continue to expand at a moderate pace although uncertainty persists about low inflation and fiscal and government policies. Fed is expecting the ongoing job gains to continue to support the growth of incomes. It is also likely to keep the dot plot unchanged which shows three rate hike in …
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Predicting EUR/NZD

EUR
The consumer confidence in Euro Area has been on rise for last couple of months as we can see from the growth seen in Household consumption and public spending. The construction sector has also grown at remarkable pace adding more jobs to the economy and thus more disposable income in people's hands.As people's faith in future growth in employment, jobs rise we will see even better general economic situation and major purchases of durable goods leading to better consumer confidence numbers.
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VAIBS1991 avatar

The economic situation in New Zealand has brightened in recent months as New Zealand has turned into a trade surplus economy driven by the growth in exports of Milk products and lumber. The domestic economy is also in good shape. The unemployment rate at 4.9% in last quarter nearly touched low of 8 years. The economy is expected to gain steam further as the construction sector  should show rebound next quarter.

VAIBS1991 avatar

A very promising up trend formation is being seen in EUR/NZD. If Reserve Bank of New Zealand holds the cash rate steady in tomorrows monetary policy meeting while indicating the willingness to be accommodating in monetary policy in view of recent softening of economic data; NZD may weaken further. Thus driving EUR/NZD even higher. 

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Predicting USD/JPY

USD
In the United States the Federal Reserve has a much more positive outlook about future economic growth in US economy. After some softness in Q1 of 2017 the GDP growth is picking up in 2nd Quarter in USA. If we look across sectors we see optimistic indications overall. Recently released data about housing activity has shown rise in home construction. In recent months consumer credit has seen a remarkable rise as the election of Mr. Trump as a President of United States of America has generate…
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USD/CAD Analysis.

On the US dollar front there is a feeling that the economy is not as strong as everyone thinks and/or the Trump-growth agenda will take much longer than expected to implement and the Fed intends to push ahead with a three-hike plan that in and of itself, will trigger an economic retrenchment.
In Canada, recent consumption and housing indicators suggest growth in the fourth quarter of 2016 may have been slightly stronger than expected. However, exports continue to face the ongoing competitiveness…
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