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EURUSD is in correction

EURUSD is retracing from 1.510 level and moving towards the fibonacci level of 38.2% (1.855).
The pair will fall to trace the wave 2 of the 1-2-3-4-5 Emotive Elliot Waves.
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EURUSD is in correction

EURUSD is likely to correct to fibonacci level of 38.2% (1.855).
The pair is also tracing wave4 of the 1-2-3-4-5 Emotive Elliot Waves.
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FTSE Index will move higher

Chart Analysis
GBR FTSE index will move higher. The index is tracing the wave 1 of the 1-2-3-4-5 Impulsive Elliot Waves. The index has been on upside and has traced other bullish impulsive Elliot Waves.
Indicators Readings
SMA50 and SMA200 in day chart are both above the price and are rising.
ADX9 in day chart is at 31 and show strong trend.
Fibonacci Expansion Levels are
100% (8275.67)
61.8% (7900.01)
Fibonacci Retracement Levels are
0% (7597.26)
23.6% (7364.44)
38.2% (7220.42
50% (7104.01)
61.…
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mrlfx avatar
mrlfx 19 Jan.

mrlfx avatar
mrlfx 19 Jan.

FTSE has risen sooner than expected and is now correcting.

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USA Tech Index just breakout from a traingle Pattern

Chart Analysis
USA Tech Index just breakout from an ascending triangle pattern. The index is expected to further move upside.
Indicators Readings
SMA50 and SMA200 in day chart are below the price and rising.
ADX9 in day chart is at 28 and shows strong trend.
Fibonacci expansion Levels are
100% (6657.06)
61.8% (6500.14)
Fibonacci Retracement Levels are
0% (6420.56)
23.6% (6323.60)
38.2% (6263.64)
50% (6215.16)
61.9% (6166.69)
100% (6009.76)
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USA30 Index is likely to consolidate

Chart Analysis
USA30 Index has traced the 1-2-3-4-5 Impulsive Elliot Waves and is likely to consolidate in near future. The pair is supported by a rising trendline.
Indicators Readings
Sma50 in day Chart is below the price and rising.
Sma200 in day chart is below the price and rising.
ADX9 in day chart is at 42 and shows a strong trend.
Fib Retacement Levels are
0% (24322.67)
23.6% (23725.89)
38.2% (23356.70)
50% (23058.93)
61.8% (22759.93)
100% (21793.97)
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USD/MXN is bouncing from FIB 50% and sma200

USD/MXN has just traced the wave 2 and started the wave 3 of the 1-2-3-4-5 Impulsive Elliot Waves.
SMA200 in day chart is acting as support to the pair.
ADX9 in day chart is at 28 and is signaling a strong trend.
Major Fib Expansion Levels are
100% (20.1178)
61,8% (19.4792)
Major Fib Retracement Levels are
0% (19.3231)
23.6% (18.9198)
38.2% (18.6703)
50% (18.4676)
61,8% (18.2670)
100% (17.6142)
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EUR/GBP is likely to breakout

EUR/GBP is likely to breakout from the constricting triangle.
Fibnacci Retracement Levels are
0% (0.9306)
23.6% (0.9088)
38.2% (0.8953)
50% (0.8845)
61.8% (0.8736)
100% (0.8383)
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USD/CAD is bullish and rising inside a triangle

USD/CAD is moving inside an ascending triangle. The pair is also tracing the wave 5 of the 1-2-3-4-5 Impulsive Elliot Waves. The pair is currently at 50% (1.2927) fibonacci level.
The Fibonacci Retracement Levels are
100% (1.3793)
61.8% (1.3131)
50% (1.2927)
38.2% (1.2722)
23.6% (1.2469)
0% (1.2061)
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EUR/USD has reversal bias

EUR/USD has reverse and turn bearish from recent consolidation range bound movement. The pair has traced Head and shoulder pattern and is falling towards 38.2% 91.1423) to form the wave 3 of the 1-2-3-4-5 Emotive Elliot Waves.
Main Fibonacci Levels are
0% (1.20923)
23.6% (1.18788)
38.2% (1.1423)
50% (1.1216)
61.8% (1.1009)
100% (1.0340)
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USD/RUB is likely to fall

USD/RUB is likely to towards the fibonacci expansion level of 61.8% (56.0688) to trace the wave 3 of the 1-2-3-4-5 emotive elliot waves.
Main fibonacci retracement levels are:
100% (60.8414)
61.8% (59.2895)
50% (58.8101)
38.2% (58.3308)
23.6% (57.7376)
0%(56.7788)
Main Fibonacci Expansion Levels are
61.8% (56.0688)
100% (54.5168)
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