Elliott Wave technical analysis with trading signals for DXY, EURUSD, GBPUSD, USDJPY, XAUUSD.
This is an update to previous analysis.
Elliott Wave Forex analysis, April 22, 2019
Elliott Wave Forex analysis, March 24, 2019
Elliott Wave Forex analysis, March 8, 2019
Elliott Wave Forex analysis, February 22, 2019
Elliott Wave Forex analysis, February 14, 2019
Elliott Wave Forex analysis, February 7, 2019
Elliott Wave Forex analysis, February 1, 2019
Elliott Wave Forex analysis, January 24, 2019
Elliott Wave Forex analysis, January 18, 2019
Elliott Wave Forex analysis, January 8, 2019 Commodity Currencies
Elliott Wave Forex analysis, January 3, 2019
DOLLAR INDEX
Last week our US Dollar long went higher but have since reversed lower in an impulsive manner. Now it looks like we have completed wave B in an expanding flat correction and we will go lower towards 96-95 area to complete wave C.The US Dollar remains bullish above September 2018 low at 93.81.
Trading strategy DXY
Cover long from 96.81, look to buy lower against 93.81
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Euro US Dollar (EUR/USD)
The EURUSD is doing opposite what the dollar is doing. So more upside towards 1.14-15 before lower.
Trading strategy EUR/USD
Cover short from 1.1272, look to sell higher
British Pound US Dollar (GBP/USD)
The pound remains elusive as there is no clear wave structure. I have canceled my short order at 1.2960 and remain on the sidelines for now.
Trading strategy GBP/USD
Stand aside.
New Zealand Dollar US Dollar
We covered our short from 0.6840 for +160 pips. The pair might have made a bottom now, but we will stand aside for now
Trading strategy NZD/USD
Remains short from 0.6840, move the target to 0.6550
Gold Spot US Dollar (XAU/USD)
In last week’s analysis, it was mentioned that we might be within a wave B expanding flat correction, and this seems to be the case right now:
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b) We are in an expanding flat correction and could see a move towards 1315 before more downside.
A move towards 1305-1315 is possible before more downside.
Trading strategy XAU/USD
Remain short from 1303, stop-loss 1346, target 1255.
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