Gregor Horvat | TalkMarkets | Page 27
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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AUD/JPY Aiming For 79.5/81.0 Region
AUD/JPY is bullish since March of 2020, and it looks like it will continue its five-wave, bigger recovery.
NZDJPY Eyeing 73.6/74.2 Zone
NZDJPY is similar to AUDJPY recovering; we see NZDJPY breaking out of a corrective channel, which is a confirmation that wave 4 of a higher degree wave A is completed at 68.71 level, and that wave 5 is underway.
NZDUSD In A Bull Run
NZDUSD is bullish from March of 2020, and is unfolding a five-wave recovery.
Ending Diagonal On USD/CAD Suggests A Reversal!
USD/CAD is unfolding a bearish impulse, down from 1.371 level, which can be in final stages.
Soybean Meal Making A Bearish Flat
Soybean meal made a five-wave decline, down from 336.4 level, which is a strong indicator that bears are taking charge in the near-term.
Bears All Over EUR/AUD
EUR/AUD made a firm drop, down from 1.98 high, which was set in March. We can see that price made a five-wave development, which is the first evidence for a bearish trend being made.
Crude Oil Suggests A Reversal Down
Crude oil is making a recovery from a minor triangle correction located in a sub-wave b), which means prices can still climb higher within a wave five of an Elliott wave ending diagonal, and can later stop at $44.00.
Ethereum Is Approaching Potential Resistance
ETH is in an impulsive rally from March lows and from the Elliott wave perspective, price can be trading in final stages of a wave »v« of A/1, which can stop around 450 – 500 area.
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.
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.
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