Elliott Wave Analysis of EUR/USD, USD/JPY, GOLD, CRUDE OIL

 I restart to post after a brief illness.

EUR / USD 

 

it has been exceeded the 38.2 Fibonacci retracement's, so the upward trend continues; the bullish scenario is an impulsive wave 1-2-3-4-5 of wave [c] .

 

 

USD/JPY

Usd/Jpy seems to be in an extended wave 5 of (c) ; 

now we have to be very careful because the alternate count prevails in case of the breakout of 85.52, so the historical downtrend that has lasted over 30 years would end.

However, before moving on to this second scenario, we need strong confirmation.

GOLD

or gold is near the end of wave (2) or the alternative count will prevail.

CRUDE OIL

Oil is in a sideways pattern since 2 months;

wave 2 may already be over or may extend upward as far as 93.9/94.2 area.
This is not a good market for trading.

 

 

My best wishes for a Merry Christmas !

 

ElwaveSurfer