marcyacoub

marcyacoub

Today, the markets plummeted because of the emergence of a new COVID-19 strain that is considered a "Variant of concern" according to the WHO and if you've been following my market analyses on the internet you know that I have been predicting for a while that we may re-enter new lockdowns and restrictions because of new strains leading to current vaccines becoming...

marcyacoub

USD/CAD looks like it finished 3 waves down and is currently trading inside its corrective wave 4. From an Elliott Wave perspective, wave 4 is currently retesting the bottom of wave 1 which according to the Elliott principle, is considered a very critical zone and is also the 61.8% Fibonacci Retracement level around 1.2630. If the price doesn't manage to break...

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If you have been following my analyses on Gold on other social media platforms, you know that I predicted the correction from $1,813 to $1,765 before continuing its way up for new highs this year and this is exactly what happened. After retesting the $1,765 zone, the price bounced back up reaching $1,826 despite strong jobs report which indicates that the...

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Gold broke the descending channel, thus our target is still the beginning of the descending formation at $1830. Now Gold looks like it finished its 5 waves up, and may have started its ABC correction to retest the previous wave 4 as our first target ($1,748), which is also the 61.8% Fibonacci Retracement level. Additionally, the price is currently trading...

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Looking at the daily chart, USD/CHF Broke the rising wedge and retested it with a bearish flag. We managed to capitalize on this trade exactly on the retest with our premium members. On the 1H chart, the bearish flag was broken and now is being retested. I expect to see more downside for USD/CHF since DXY and US10Y both reached critical zones and until now...

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From a technical perspective, DXY broke below a very critical weekly trendline and retested it now with a big ABC correction (wave 4) in order to continue its way down for wave 5. Additionally, the 94.70 critical level is also the previous wave IV of wave 3, and according to the Elliott Wave Principle, the previous wave 4 is known to be a very critical level,...

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US10Y has been soaring to the upside because of investors thinking that higher inflation means higher interest rates. However, I still think that there is no recovery in the U.S. economy, especially in the labor market. High inflation is here to stay and central banks may be powerless to fight it without derailing the economic recovery. Since the Fed is known...

marcyacoub

Very interesting formation on Gold! The price broke the falling wedge inside the descending channel to the upside with 4 waves up. Currently, we are waiting for small wave 5 to reach the beginning of the falling wedge at $1,778. After reaching $1,778, which is considered a strong level as it is the beginning of the falling wedge, I expect to see some pullback...

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Keeping it simple. Bitcoin is trading inside a triangular ABCDE formation which is considered a continuation pattern. Our first target will be $40,300. Breaking it will push the price towards $39,500 and $35,700 as our second and third targets. Long-term, you can check my analysis down below.

marcyacoub

From a technical perspective, crude oil broke the rising wedge formation (weekly chart) and retested it, plus it looks like it finished 5 waves up. Thus I think it is time to see a correction towards $70.00 as our first target. Breaking this level may lead to an extended correction towards retesting the previous wave 4 at $57.23. But what will be the fundamental...

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EUR/USD reached a critical support zone with a falling wedge formation on the 1H chart. I expect to see a reversal to the upside at least for a small correction if it wants to continue its way down for more downside later. Our first target will be the 38.2% Fibonacci Retracement at 1.1700. Breaking this level will push the price towards the 50% Fibonacci...

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It's been a tough week for Gold and major currencies. From a price action perspective, AUD/USD went down creating a descending formation or a falling wedge. Since its behavior is getting more and more corrective, I think this could be a preparation for an impulsive move to break the falling wedge to the upside after reaching the 61.8% Fibonacci Retracement which...

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Top gainer today, top loser tomorrow. FOR/USDT finished 5 waves up with wave 5 not being able to close above the 100% Fibonacci Extension . Thus, I expect it to go back down. One good thing in the crypto market is that you can have fun shorting useless coins like this.

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From an Elliott Wave perspective, ADA/USD looks like it finished 5 waves up (intermediate cycle) and started with its intermediate corrective cycle. Additionally, the price is currently trading in an ABCDE triangular formation which is considered a continuation pattern for more downside, but wave (e) is still missing so we may see a small move upside for wave...

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Using only price action, GBP/NZD broke the big ascending formation (daily chart) and managed to create a beautiful continuation pattern in order to be able to continue for more downside. Note that when the price is this corrective inside a continuation pattern formation, expect to see a very strong and quick breakout to the downside. This trade was sent to my...

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Keeping it simple. From a price action perspective, the price reached the top of the ascending channel with a rising wedge formation signaling the start of a possible reversal to the downside. Also, EUR/AUD finished 5 waves up, and looks like it is time to see an ABC correction to at least retest the previous wave 4 at 1.5971 which is also the 78.6% Fibonacci...

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USD/JPY went 4 waves down. The price broke the ascending channel (wave 4), retested it, and it looks like it is preparing for a continuation move for more downside for wave 5. From a price action perspective, when the price breaks an ascending channel, our target is always the beginning of the channel, here at 109.59. Breaking 109.59 will push the price towards...

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Looking at the Daily Chart, BTC/USDT looks like it finished wave B to the upside and is currently starting with wave C for new lows this year. Also, the price didn't manage to break above the Daily trendline which acted as a very strong rejection level 3 days ago when BTC/USDT went down 12k in one hour after retesting this trendline, thus we are still in the...