All posts by Grega Horvat

Elliott Wave Analysis: German DAX, S&P500 And NZDUSD

Grega Horvat

Stocks and XXX/JPY pairs gaped nicely higher during the weekend, and it looks that more gains may follow soon on equity markets. We are looking at both; DAX and E-mini S&P500 which can be headed much higher this week as we see recent downward corrections completed. Dax is in impulse up, ideally within wave 3) headed up to 12500-12550, while S&P500 can be underway to new all-time highs as we called end of a wave b set-back already on Friday. more…

USDJPY And German DAX

Grega Horvat

Good morning traders, and welcome to a new busy month which could be very interesting for the markets, that began with a new North Korea nuclear test that caused a gap lower on stocks.

Normally markets quickly recover after such events, so wondering if this time will be the same. Gaps as you know will normally be filled, so with that in mind, we think that upside on E-mini S&P500 is not done yet and that USDJPY can be in fact in final stages of a current wave c. more…

USD Index, USDJPY And Crude Oil

Grega Horvat

USD Index is unfolding a nice five-wave drop within red wave iii), which is an indication for even more weakness. Ideally once black sub-wave v fully unfolds, a new three-wave temporary correction into the following wave iv) will show up. The later wave iv) can see limited upside near the former swing high of wave iv at the 92.51 level. more…

Gold And BTCUSD

Grega Horvat

Gold is trading in a three-wave decline, away from 1300 region. We see first wave A) completed, followed by a slow and choppy movement which could be a triangle correction in the making within wave B). Ideally wave B) will unfold two more waves within itself and later make a new push lower, into the final wave C), that can search for a base near the Fibonacci ratios of 138.2/161.8. more…

AUDUSD Daily And 4h Look

Grega Horvat

AUDUSD is unfolding a bigger bullish leg to the upside, which can be labeled as a higher degree wave C. This wave C can be part of a bigger three-wave recovery, that is unfolding since November of 2015 (visible on the daily chart). However, we belive this big three-wave recovery may be ending, which means upside can be limited and a new change in trend can follow more…

EURUSD Daily And 4 Hour Outlook

Grega Horvat

On the daily chart of EURUSD we can see a nice rising price activity since start of 2017, which can be labeled as a higher degree wave C) in the making. We know that wave C) is an impulse, which means it must consists out of five sub-waves. Well, here we already see three, which means once the upcoming wave 4 correction unfolds, a new push higher into final wave 5 of C) may start to develop. We also see Fibonacci ratio of 261.8 being touched, which can act as resistance for wave 3 and push prices lower into wave 4. more…

Elliott Wave Analysis: EURUSD And NZDUSD

Grega Horvat

Good day traders! Today we’re gonna take a look at some intraday charts. The first one is EURUSD. The EURUSD is trading nicely higher today, probably in final stages of a higher degree bullish impulse. Ideally current rally since 28th of July is the final push of a black wave v of v), that will search for limited upside near the middle or upper channel line. From the mentioned region a new change in trend can come in play. more…

Elliott Wave Analysis: GBPJPY and USDJPY

Grega Horvat

GBPJPY is making a five-wave bearish structure within blue wave c as part of a three-wave consolidation. We see current intra-day structure unfolding an overlapping movement, which can mean a potential ending diagonal within red wave v) of c can be in progress. If that is the case, then once current red wave v) fully unfolds a sharp and strong reversal to the upside can come in play. more…