Tag Archives: Gregor Horvat

USDMXN And GOLD Looking For A Turn

Grega Horvat

USDMXN is trading bullish since 11th of May, where a higher degree correction found a base. After that a new five-wave impulse begin to unfold, which we think can be part of a bigger blue wave five. That said, we specifically see price unfolding a final five-wave recovery from 19.5058 level, which can look for a top and reversal around 20.050/20.1800 region, where Fibonacci ratios of 161.8/200 can act as turning points. more…

BTCUSD And ETHUSD Both Looking Up

Peter Adamson

Bitcoin is moving sideways around 38,2% Fibonacci retracement after that nice move up last month, so it’s wave 4 that can be either a three-wave pullback down to 8400 level or even a triangle, if price will stay slow and trapped in a range. Both are corrective patterns, continuation patterns that can send price back above 9750 level. more…

Crude Oil And USDMXN Analysis

Grega Horvat

Crude oil can be unfolding a third wave of a decline, which can be labelled as wave c, leg that can look for support and a turn higher around the 66.55 region. 66.55 area is the first region of support (Fibonacci ratio of 100.0 compared to wave a), while 65.59 level is the second region of support, where bulls can slow down. more…

USD Index Daily And 4h View

Grega Horvat

Daily chart of US Index shows us a clear, five wave bearish impulse in the making since January of 2017, when a bigger correction as wave B was finished. This impulsive decline we labelled as wave C, final wave of an even bigger complex correction, that can be seen on even bigger time frames. Now, let’s be aware that despite this strong fall, that’s been going on for more then a year now, we think that bearish trend can be slowly ending. more…

USDJPY Can See Limited Downside

Grega Horvat

USDJPY is trading in a downtrend since end of October of 2017, which means bears can slowly start to slow down. Specifically, we see price ending corrective wave 4), the fourth wave of an impulse, which can be unfolding an EW triangle pattern. An EW triangle pattern is a complex correction, that usually unfolds prior to the final wave. This means once, corrective wave 4) fully show up, a new drop into wave 5) can be expected, which can later base on Fibonacci projection ratios find a low and a reversal near the 104.5 region. A rally in five-waves from the mentioned area would suggest a low in place. more…

S&P500 And USDCHF Intra-Day View

Grega Horvat

Stocks are much higher following better than expected US NFP reports on Friday, when E-mini S&P500 broke above 2760 resistance that we kept an eye on. Notice that index is actually today above Feb 27 high so it appears that recovery is still here and it may continue until it makes five wave up from 2648. Currently we see intraday bullish trend while price is above 2731/2740 area, aiming for 2830. more…