Tag Archives: Gregor Horvat

USDCHF Trading At The Start Of A Bullish Leg

Grega Horvat

On the daily chart of USDCHF we can see that price was trading quite choppy for the last two years and unfolded a bigger 3-3-5 EW Flat pattern. Well recently this flat found a low near the 0.9417 level for wave B and recovered nicely higher and eventually began a bigger rally after price breached above the trendline connected from December of last year. That said, this break now suggests a change in trend, from bearish to bullish and that a higher degree five-wave impulse may unfold within black wave C of Y). more…

Video Analysis: AUDJPY, NIKKEI, OIL, USDCAD

Grega Horvat

USDCAD was trading bearish through May 2017 and through September. We can see that a five-wave impulse had unfolded on the daily time frame and later found a low at the 1.2058 level. From there a new bullish movement followed, which we labeled it as wave A, first wave of a three-wave recovery which means more gains is expected to occur after current wave B is finished, which can look for a base around 1.2600 and also complete a bullish H&S pattern. more…

Crude Oil Is Looking For A Final Push Higher, While Dax For A Final Push Lower

Grega Horvat

Crude oil is current trading choppy, slow and overlapping, probably trapped in a triangle correction. This triangle correction usually appears prior to the final wave within a trend, meaning a final push higher can follow on energy. Well, a confirmation for a completed triangle pattern is a visible five-wave affair within wave 4 and a break above the 57.90 level. However, even though we expect more upside in upcoming trading sessions, be aware that final wave 5 may follow and that upside can be limited. more…

AUDUSD Looking For More Weakness

Grega Horvat

Around early of September of 2017, AUDUSD completed a higher degree complex correction within wave IV. This correction ended with a five-wave drop towards the 0.7650 level, which can in months ahead result as a bigger bearish cycle. Well, this fall gives us an idea of a change in trend from bullish to bearish and can be labeled as red wave 1), that can find potential support near the 0.7562 level and from there breach higher into corrective wave 2). more…

EURJPY Searching For A Top

Grega Horvat

EURJPY is showing a nice bearish price pattern; an ending diagonal up from Oct 16 low that can cause a strong rise of JPY against the EUR. For such scenario we would need a drop on USDJPY and also fall on stocks while 10 year US notes would rise. At the moment we do not see such scenario yet, but it’s good to be prepared. technically speaking a decisive fall below 133.48 and then a retest of that same level can be a good bearish set-up for this week, but only if 134.15 high remains untouched. more…

Triangle On EURJPY Points Lower

Grega Horvat

EURJPY is showing us a complex, overlapping and slow correction, which we see it as a Elliott wave triangle pattern. We see current triangle trading in final stages, with leg E searching for resistance. Resistance can be seen near the Fibonacci ratio of 61.8, from where a new drop lower can come in play. Later a new drop towards red wave C) can follow. more…

Silver And USDNOK

Grega Horvat

Silver can be trading in final stages of a bigger bearish impulse. We see current price movement being part of wave five, that can unfold as a potential ending diagonal pattern. If price does unfold an ending diagonal, then a sharp and strong reaction to the upside can follow. Region near 17.23 can then be in view. more…