EURGBP – In an AB=CD correction
The move higher is mixed and volatile, common in corrective sequences
A possible AB=CD formation looks to target 0.9137 Read More
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AB=CD
AUDJPY – Corrective formation to the downside
Looks to be forming a bearish Head and Shoulder pattern. This could also be seen as an AB=CD corrective sequence. There is cope for mild buying at the open, but gains should be limited. Bespoke resistance is seen close to 81.90 Read More
EURUSD – Moving lower in a corrective AB=CD formation.
Yesterdays price action posted a bearish Outside Day, often an indication that a top is in place. A full AB=CD corrective formation would take the pair to 1.1240. Read More
AUDUSD – Buying dips at bespoke support
We are now assessed as being within the corrective formation lower. Bespoke support is located at 0.7198. With the USD Index upside move near exhaustion, we look for mild dip to now find buyers Read More
GBPUSD – Buying dips at the AB=CD correction
Moving lower in a corrective formation. A full AB=CD pattern takes the pair to 1.2884. This is just below the 61.8% pullback level of 1.2905 (from 1.2662-1.3298). DeMark has posted a correction count on the daily chart Read More
USDCHF – Showing signs of a reversal
Monthly: For the last 86 months USDCHF has held within a bullish channel formation. Level close to 1.0340 continue to cap buying. A full AB=CD formation would the the pair to 1.1450. The psychological 1.0000 (Big Figure) continues to be… Read More
EURCHF – Ending Wedge Highlights a Bullish Bias
Looks be forming a bullish Ending Wedge formation. Bespoke resistance is located at the trend of lower highs at 1.1585. We expect strong resistance here. A break of this level and the wedge has a measured move of 1.1714 Read More
EURCHF – AB=CD located at the 61.8% pullback level
We look for a bearish 5 wave Elliott wave count to be completed at 1.3668. Immediate price action to the upside has been mixed and volatile, common in corrective formations Read More
GBPUSD – Dip buying offers good risk/reward
We have broken the Ending Wedge formation to the upside. Reverse trend line support is located at 1.3095. The measured move target for the wedge is 1.3440. Bespoke resistance is located at 1.3440 Read More
EURCHF – AB=CD located at the 61.8% pullback level
A full AB=CD formation takes the cross to the 61.8% pullback level of 1.1761. Bespoke resistance is located at 1.1646 resulting in risk/reward being poor from current levels. We look to buy dips Read More