Samuel124

Samuel124 Updated 

Hello Traders, We have an interesting setup on EURNZD. Between 23rd of Feb and 1st of May, we saw an upward move identified as a corrective wave ABC, with Wave C forming an ending diagonal. Recently, we saw a break of the ending diagonal pattern in wave C, setting the stage for a decline. The break of wave 1 to the downside further confirms our bearish outlook....

Samuel124 Updated 

Hello Traders, Trust you are great. Below is my Elliott wave analysis of USDCAD currency pair Analysis: The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward. Current State: Wave B appears to have completed its formation. The next...

Samuel124 Updated 

Hello Traders, Happy new week to you. Here is my analysis of the EURUSD PAIR. Analysis of the EURUSD wave structure shows corrective waves. Wave (A) formed a leading diagonal, while wave (B) was a shallow correction. Currently, we are likely in wave (C), which may indicate an upward trend within wave (5) of wave (C). After wave (C) completes around the 1.09860...

Samuel124 Updated 

Hello traders, Here is my analyis of AUDUSD pair. After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently...

Samuel124

Hello Traders, Here is my analysis of CADJPY currency pair. The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel. What to Expect: We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward...

Samuel124

Hello traders, Here is my detailed long-term Market analysis of EURCAD. This is intended to educate those who might be new or at their intermediate level in Elliott wave theory. The EURCAD currency pair is currently exhibiting a sideways trend, which is characterized by relatively stable price movement within a confined range. This type of market behavior...

Samuel124 Updated 

Hello Traders, Trust trading has been great for you all. Here is my brief analysis of the AUDCHF pair. The AUDCHF pair shows a bullish bat pattern, indicating a potential upward reversal. This pattern was spotted in February and has been responsible for the upward rally noticed on the pair since the first week of February. There appears to be more room to the...

Samuel124 Updated 

Hello Traders, Below is my Technical Analysis of EURNZD. EURNZD has formed a bearish butterfly pattern with points X: 1.79369, A: 1.7442, B: 1.78702, C: 1.76273, D: 1.80786. The current price is 1.80379. Expectation for a drop to 1.78808 in the coming weeks. Additionally, a bearish divergence is noted on the Awesome Oscillator, indicating weakening bullish...

Samuel124 Updated 

Dear Traders, Trust you are doing great. Below is my outlook of the GBPUSD currency pair from Elliott wave perspective. Expectation: Another upward wave targeting 1.27202 level. Key Factors: 1. Presence of an upward motive wave pattern comprising five components (1)/(A) 2. Completion of a corrective pattern resembling an expanded flat 3. Correction...

Samuel124 Updated 

Hello Traders, It's good to be back to posting my analysis after a short break. Here is my outlook on the EURUSD currency pair. The directional movement of EURUSD is quite unclear. Recently, we have seen price encountered difficulty in closing above the previously established local maximum at 1.08058 in close proximity to the 800EMA, which serves as a dynamic...

Samuel124 Updated 

Hello Traders, Allow me to share my thoughts on the current EURUSD Pair. The current analysis of EURUSD reveals a complex price action, presenting challenges in determining a clear market position. On one hand, I could see an emerging/potential head and shoulders pattern, indicative of a possible bearish movement. This potential bearish bias is supported by a...

Samuel124 Updated 

Hello traders, The current situation in USDJPY pair is getting clearer. I expect a correction in the form of a zigzag, with wave b still in progress. However, wave b seems to be getting more complicated, possibly taking the shape of a converging horizontal triangle. To finish it, I need to see two more small waves, one going up and the other down. After that, the...

Samuel124 Updated 

Hello Traders, The analysis on EURAUD indicates bearish sentiment. The currency pair faced rejection at a supply zone (which also coincides with the monthly resistance at 1.6655) and is within a downward channel, signaling a potential downtrend. Sellers are targeting the 1.6479 level, with a break below suggesting further decline to 1.6418, marking a key support...

Samuel124 Updated 

Hello traders, Just a quick insight on the Yen pair. The USD/JPY pair has breached the 146.00 level, driven by the strengthening US dollar. AT the moment, investor attention is focused on the imminent release of the New York Empire State Manufacturing Business Conditions Index. It is important to note that there is an uptick in Japan's Producer Price Index (PPI)...

Samuel124 Updated 

Greetings fellow traders, I extend my best wishes for a prosperous New Year to you all. Allow me to share my analysis of the USDJPY market. As we can all observe, the pair is currently in a bullish trend, having exhibited the attributes of an impulsive 5-wave pattern. It seems we may be witnessing the conclusion of the last impulsive wave, assuming it is not...

Samuel124

Hello Traders, From my previous short call on GBPUSD on the 13th of December (), I noted some economic indices that favours US dollar over GBP. The analysis is unfolding pretty well. The British pound (GBP) continues to face strong pressure from the U.S. dollar, causing it to lose its position after the impulsive breakout of the ending diagonal at 1.27035....

Samuel124 Updated 

Hello Traders, I've got an observation on #AUDCHF. As DXY shows bullish signs, we might see some bearish movements in CHF. Right now, the pair is sitting on a strong support at 0.5735. This seems like a good spot for the final leg of the Gartley pattern, signaling a potential move to the upside. Keep an eye on it, though – if it drops below 0.5722, we could see...

Samuel124

Dear Traders, I would like to offer my perspective on the major economic drivers for USD and GBP. Like the famous investor John Bogle says, "The market may be crazy, but it's not entirely insane. Fundamentals matter." This analysis compares key economic indicators of both countries in order to explore potential impacts on the GBP/USD currency pair in the long...