Daud Bhatti
ElliottWave-Forecast.com
Short term Elliott Wave cycle suggests rally to 20060 ended wave (X). From this level, Index has turned lower and reached 100% equal leg, therefore the cycle is mature. However, in the short term, the Index still can extend lower as far as 19844 pivot stays intact. Decline from 20060 is unfolding as a triple three structure where wave (w) ended at 19395, wave (x) ended at 19844, wave (y) ended at 18875, and pair is currently in the second wave (x) bounce before turning lower one more time to finish wave (z). As far as 19844 pivot stays intact, expect another leg lower once second wave (x) bounce is complete in 3, 7, or 11 swing.
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
Recommended Content
Editors’ Picks
AUD/USD eases from multi-week top; bulls retain control ahead of Fed
AUD/USD trades with a mild negative bias below a three-week high, around the 0.6400 neighborhood touched on Monday, as traders turn cautious ahead of the FOMC meeting. However, the optimism over China's stimulus measures, the risk-on mood, and the overnight breakout through the key 100-day barrier favor the Aussie bulls amid the recent USD slump.
USD/JPY climbs to two-week high ahead of BoJ-Fed rate decisions
USD/JPY touched a nearly two-week high during the Asian session on Tuesday as the risk-on mood undermined the safe-haven JPY ahead of this week's key central bank event risks. However, divergent BoJ-Fed expectations and rising trade tensions should limit deeper JPY losses.
Gold price sits near all-time peak, just above the $3,000 mark
Gold price trades above the $3,000 mark, near the record high touched last Friday, as the economic uncertainty sparked by Trump's tariff war continues to underpin safe-haven assets. Moreover, the recent USD slump to a five-month low, triggered by rising Fed rate cut bets, lends support to the XAU/USD.
Outflows in crypto funds reach $6.4 billion over five weeks amid long-term holder accumulation
Crypto exchange-traded funds extended their outflow streak last week, totaling $1.7 billion, bringing the total outflows in the past 5 weeks to $6.4 billion, per CoinShares weekly report on Monday.
Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme Premium
Central bank bonanza – perhaps its is not as exciting as comments from the White House, but central banks still have sway. They have a chance to share insights about the impact of tariffs, especially when they come from the world's most powerful central bank, the Fed.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.