Elliott wave analysis of EUR/NZD for August 15, 2018

After a dip to 1.7220 all requirements for the correction in red wave i has been fulfilled. Therefore we are looking for a break above resistance at 1.7355 to confirm that red wave iii is developing for a break above the peak at 1.7484 as EUR/NZD moves…

Elliott wave analysis of EUR/JPY for August 15, 2018

The corrective rally we were looking for from the 125.12 low is unfolding nicely. The minimum target has already been fulfilled, but a final pop to 127.30 remains possible before the final push lower into the 124.59 – 125.12 zone. Ideally, this final p…

Technical analysis of OIL for August 15, 2018

Oil prices are challenging long-term support trend line and bullish channel. Oil prices are very likely to break the channel and start a move lower towards 60$. Key short-term resistance is at 68.70-69$. As long as the price is below this area we remai…

Technical analysis of Gold for August 15, 2018

The Gold price is in a bearish trend and has reached our $1,193 short-term target after breaking below $1,205. Now the price is consolidating before its next leg lower to $1,180.Black lines – wedge patternBlue line – short-term supportThe Gold price re…

Global macro overview for 14/08/2018

Speeches of the Turkish president are in the last days at high risk for the TRY course. It was no different today. Speaking today in the early afternoon in Ankara, the leader was broadly referring to economic issues. The tone in which Erdogan speaks is…

Global macro overview for 14/08/2018

Elon Musk revealed a bit more details about the plan to buy Tesla from the stock exchange. Changing the company’s status from a public company to a private company is to be realized without using a loan, and the promised 420 dollars. No investor will b…

Analysis of BITCOIN for August 14, 2018

Bitcoin has been quite indecisive recently residing inside the corrective range from $6,000 to $6,500 area. The price has been rejecting off the support of $6,000 and resistance of $6,500 area without any strong breakout from the levels. The bearish pr…

GBP / JPY: Pair growth is just a correction

The currency pair pound / yen in two weeks of August lost nearly 600 points against the background of Brexit’s problems and the increased demand for protective tools.
Yesterday, the impulse of the downward movement was extinguished and the bulls were a…

Markets took a break

After the growth of demand last week for defensive assets and, as a consequence, for the US dollar, on Monday, this trend has stopped. Investors assess the prospects of the crisis of the Turkish economy and the degree of the negative impact of the trad…

Fractal analysis of GOLD as of August 14

Forecast for August 14:Analytical review on the scale of H1:According to Gold, the key levels on the scale of H1 are: 1203.06, 1198, 39, 1195.31, 1191.05, 1188.55 and 1183.34. Here, we follow the development of the downward cycle from August 3. The con…

Bitcoin analysis for August 14, 2018


Trading recommendations:

According to the H1 time – frame, I found that Bitcoin is in the upward corrective phase but it is going on slow tempo, which is a sign that buyers don’t have enough power for larger upward correction. The trend is downward and my advice is to watch for potential selling opportuntiies if you see a breakout of the support trendline. The downward target is set at the price of $5.709.


$6.115 – Intraday resistance

$5.838– Intraday support

$5.709 – Objective target

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Analysis of Gold for August 14, 2018

Recently, the Gold has been trading sideways at the price of $1,194.75. The price is trading below the pivot level ($1.199.27), which is sign that sellers are in control. I also found a potential bearish flag in creation, which is sign that downward tr…

GBP/USD analysis for August 14, 2018


Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2826. According to the M15 time – frame, I found a trap up move after the average Earnings Index 3m/y came 2.4%. I also found a rejection of resistance 2 at the price of 1.2823 and rejection of the upper diagonal (resistance), which is a sign that buyers got exhausted. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.2704 and at the price of 1.2675.

Resistance levels:

R1: 1.2796

R2: 1.2823

R3: 1.2857

Support levels:

S1: 1.2735

S2: 1.2700

S3: 1.2675

Trading recommendations for today: watch for potential selling opportunities.

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