LouisYingTrading

LouisYingTrading Updated 

Currency Pair: EURGBP - updated Frequency: Daily EURGBP had a sharp correction for its corrective Wave 4 and the price found support on the support zone of 0.88109 - 0.87656, as well as trading above the 200MA. Normally speaking, after a flat correction for Wave 2, we can expect a relatively sharp correction for Wave 4 so it may give us a signal that corrective...

LouisYingTrading Updated 

Currency Pair: AUDUSD Frequency: 4H Predicted Direction AUDUSD has successfully completed its a-b-c correction pattern like what I predicted before on Sep 19 and hit my support zone of 0.78120 - 0.77893. As the price has failed to reach my last support level of the descending line (Blue), it started to reversal from my temporary support level of 0.77479 and broke...

LouisYingTrading Updated 

Currency Pair: GBPUSD Frequency: 4H Predicted Direction: GBPUSD is perfectly hit my white ascending line like what I predicted before, please find below the link. It has reversed sharply after finding support on this ascending support line. According to my Elliott Wave count, the price is now trading at the subminuette corrective Wave iv and I expect the price...

LouisYingTrading Updated 

Commodities: Silver Frequency: Daily Predicted Direction: Silver has completed its corrective Wave II like what I predicted before and find support on the 50% Fib support level at 16.338. I expect this is a sharp correction for Wave II and the price will able to hit the upper resistance zone of 18.713 - 19.46 and further look at the high of July 15 at 21.132 in...

LouisYingTrading Updated 

Currency Pair: EURUSD Frequency: Daily Predicted Direction EURUSD has most likely completed its corrective Wave 4 and hit my first support zone of 1.17280 - 1.16975. Given that some observation of the Elliott Wave theory, after a sharp correction for the corrective Wave 2, it will expect to have a relatively flat correction for Wave 4 so I do expect the price...

LouisYingTrading Updated 

Currency Pair: NZDUSD - Updated Frequency: Daily Predicted Direction NZDUSD is nearly completed the corrective wave 2 with forming the 5-3-5 Zigzag pattern. It is expected the price will hit the support zone of 0.6990 - 0.6977 to finish its last impulse wave v before going up. The first target will look at the upper 50% Fib resistance level. If the price break...

LouisYingTrading Updated 

Currency Pair: GBPUSD Frequency: GBPUSD GBPUSD surged to one-year higher as BoE dove turned hawk and the BoE's policymaker Vligehe said I.R could rise in coming months. The change of mind for BoE was largely because of the UK CPI (Y) increased by 2.9%, which is higher than expected. The price broke the resistance zone of 1.34805 -1.35016 combing the high before...

LouisYingTrading Updated 

Currency Pair: AUDJPY Frequency: Daily Predicted Direction: After reaching the High of July 17, AUDJPY successfully breaks through the resistance zone of 89.305 - 90.114, opening up a new uptrend towards to a higher level. The price is currently trading at a subminutte corrective wave iv, which belongs to the impulse wave (III) started from Aug 17. It is expected...

LouisYingTrading Updated 

Currency Pair: GBPNZD Frequency: Daily Predicted Direction: Long Enter the Long Position after the corrective wave 3: Buy 1.789/95 Followed the Bullish consolidation from June Low (1.7397), the price may complete a new 5 wave pattern targeting to resistance zone (1.1816 - 1.90495) Latest pullbacks found support on 38.2% Fib. Once the correction breaks further low...

LouisYingTrading

Index: S&P 500 Frequency: Weekly Here is the chart showing all the financial crisis and the flash crash on SPX since 1980 with the VIX -0.61%Index as comparison. The major global financial crisis happened four times since the 80s with the average bear market for 17.5 months and the average loss of -42%. Every time the market suffered from a flash crash or a...

LouisYingTrading Updated 

Currency Pair: EURCAD Frequency: Daily Predicted Direction EURCAD is currently trading at the downward impulse wave 3, which belong to the intermediate corrective wave (C) started from June 2017. As the price has broken the support of the upward trend line on September 6 and it has failed to retest the higher above the trend line on last week. The price drops...

LouisYingTrading Updated 

Currency: USDCAD Frequency: Daily Predicted Direction: Short USDCAD followed the Bearish consolidation after BOC raised the benchmark I.R by 25 basis point to 1% (2nd time 2017). The strength of Canada's growth will support further rising of I.R in 2018. I expect the price will test the psychological level of 1.20 soon and then it will have a corrective wave to...

LouisYingTrading Updated 

Currency Pair: NZDUSD Frequency: Daily Predicted Direction: Waiting for a break of the upper 50% Fib resistance level to confirm the intermediate corrective wave (2) is finished on May 2017. If the price break through the resistance zone 0.75143 - 0.74854, then NZDUSD may kick off the new uptrend.

LouisYingTrading Updated 

Currency Pair: AUDUSD Frequency: Daily Predicted Direction AUDUSD has been trading sideways as a contracting triangle since April 16. It has completed the 5 sub-waves with ABC pattern in May 2017.Since then the price broke the upper descending trendline and test for the higher of 50% Fib resistance level, giving a signal that the price may start a new trend. As...

LouisYingTrading Updated 

Currency Pair: USDJPY Frequency: Daily Predicted Direction USDJPY has been correcting lower in a double zigzag pattern after the intermediate impulse Wave (I). The price has retraced back to the 61.8% Fib support level for the second time on September 8 and found support on the level of 108.13 -107.5. After then, the price surged up to the month higher and test...

LouisYingTrading Updated 

Index: US Dollar Index Frequency: Weekly Predicted Direction: Short on short-term perspective Fundamental Analysis 1. Geopolitical risk between US and DPRK is getting more serious after the launch of missiles 2. Lets see how Trump reacting to the threaten from DPRK. I personally think that this geopolitical risk will last longer than before. 3. US can't get...

LouisYingTrading Updated 

Index: US Dollar Index (DXY) Frequency: Daily Predicted DIrection: DXY has currently completed the downside impulse wave (I, II, III, IV, V) with wave 3 extension, which belongs to the intermediate corrective wave A from Dec 2016. It is expected the US dollar will have a sharp correction before hitting the resistance zone of 89.03/78. The price may test the upper...

LouisYingTrading Updated 

Currency Pair: EURCHF Frequency: 4H Predicted Direction: A double three sideway combination appear to recognise on the intermediate corrective Wave 4. This double three pattern is composed of the finishing 3-3-5 Flat correction and the zigzag transition, which are labeled as Wave (W) and (X), and now it has been forming the last corrective Wave (Y) either the...