Gregor Horvat | TalkMarkets | Page 29
Forex Technical Analyst
Contributor's Links: Wave Traders
Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of wavetraders.com, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ...more

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LTC/USD Eyeing Above 66.5
LTC/USD is recovering with five waves, up from end of June.
USD/NOK Decline Into A Corrective Move
USD/NOK is declining from 12.12 high, in five legs, which can belong to a higher degree wave A, that is part of a bigger corrective move in wave IV).
Bitcoin Cash Turning Lower
Quick update on BCH/USD with Elliott wave theory.
German Bund In A Bearish Turn
A bigger, five-wave recovery on Bund which started in 2018 can be finished, as price made a sharp turn lower from the 181.86 level.
EUR/JPY Can Turn Up After Completing Multi-Year Triangle
EUR/JPY has been trading sideways, choppy, overlapping, and in a contracting range since 2008, which made us think that a triangle consolidation was in action within a higher degree blue wave B correction.
Copper In A Bull Move
Copper is bullish up from March of 2020. We see blue waves 1 and 2 completed of a new cycle, so current strong bullish move from 2.36 level can be a higher degree wave 3 in action, which still has some room to fill.
EUR/USD Is Approaching 1.15 Resistance
EUR/USD is moving towards March 2020 high, where we may see limited upside, considering that pair may be positioned in a fifth wave, after the recent break out of a triangle consolidation.
USD/JPY Looking Bullish Near-Term
USD/JPY started recovering from the 101.16 level, giving us first evidence of a completed higher degree wave C), and that a new, three-wave A-B-C rise for a leg D) is in play.
EUR/JPY Looking Bullish Near-Term
EUR/JPY made a bigger, three-wave, A-B-C drop, and found a low at the 114.44 level for a higher degree wave Y.
AUD/NZD Looking Bullish Near-Term
AUD/NZD made a sharp recovery in 2020, up from 0.999 level, which is a suggestion that the trend can be changing to bullish mode.
EUR/AUD Eyeing Mid-Term Correction
EUR/AUD is falling sharply since March when pair found a top at 1.98 level from where we see an impulsive price movement.
S&P500 Looking Bullish Mid-Term
S&P500 made a five-wave rise from the 2185 level, where a higher degree wave correction found support. The rally can be an indication of where the trend can be going: to the upside.
EOS/USD In A Bear Market
EOS/USD can be trading in a big, bearish move labeled as a wave c, down from 2.90 level.
ETH/USD Can Turn Into A Temporary Correction
Ethereum was stronger than BTC in the last couple of days and it made a five-wave cycle from the lows, ideally into a wave A/1.
EUR/JPY Targeting Above 122.11 Bullish Level
EUR/JPY completed a five-wave recovery from end of May, indicating that trend can be turning into bullish mode.
USD/TRY Can See Resistance At 6.9/7.0 Zone
USD/TRY made a five-wave decline from the 7.265 high, which we labeled it as a wave A of a higher degree.
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