In this webinar I have discussed practical application of Elliott Wave using various chart including Crude Oil, Gold, SPX, Nifty 50, Yes Bank (NSE Stock). Possible trading strategies using Elliott Wave for March and April 2020 have also been discussed wherever applicable. SPX, Crude Oil and Tata Motors analysis done in last webinar suggested downward movement which even surpasses all targets:

 

SPX Analysis (As discussed in last webinar):

Chart

 

Outcome of SPX Analysis:

Chart

SPX – Final Outcome.

 

Crude Oil Analysis (As discussed in last webinar):

Chart

Crude Oil Analysis suggested downward movement.

 

Outcome of Crude Oil Analysis :

Chart

Crude Oil – Final Outcome.

 

Tata Motors Analysis (As discussed in last webinar):

Chart

Tata Motors Analysis suggested Downward Movement.

 

Outcome of Tata Motors Analysis:

Chart

Tata Motors – Final Outcome.

 

The author or any person directly or indirectly associated with 50eyes.com does not hold any liability for any profit, loss or loss of profit made using the views presented. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or forex); therefore, you should not invest or risk money that you cannot afford to lose.

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Editors’ Picks

EUR/USD: Below 10/21-day SMA inside triangle

Having stepped back from the near-term key SMAs, EUR/USD register mild gains to 1.0860 during Thursday’s Asian session. EUR/USD fails to extend the previous losses below key short-term SMA confluence. Triangle formation signal near-term range, bearish MACD favor pullback moves.

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GBP/USD extends advance beyond 1.24 amid optimism about Johnson

GBP/USD is trading at weekly highs above 1.24, buoyed by reports that UK PM Johnson is breathing on his own. The market mood is calm amid hopes of turning a corner on coronavirus.

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USD/JPY holds in neutral territory awaiting Fed's Powell

USD/JPY has been holding in consolidation and ranged sideways between 108.60 and 109.10 overnight. Fed's Powell and US jobs will be the final scheduled catalysts for the holiday-shortened week.

USD/JPY News

Editors’ Picks

EUR/USD: Below 10/21-day SMA inside triangle

Having stepped back from the near-term key SMAs, EUR/USD register mild gains to 1.0860 during Thursday’s Asian session. EUR/USD fails to extend the previous losses below key short-term SMA confluence. Triangle formation signal near-term range, bearish MACD favor pullback moves.

EUR/USD News

GBP/USD extends advance beyond 1.24 amid optimism about Johnson

GBP/USD is trading at weekly highs above 1.24, buoyed by reports that UK PM Johnson is breathing on his own. The market mood is calm amid hopes of turning a corner on coronavirus.

GBP/USD News

USD/JPY holds in neutral territory awaiting Fed's Powell

USD/JPY has been holding in consolidation and ranged sideways between 108.60 and 109.10 overnight. Fed's Powell and US jobs will be the final scheduled catalysts for the holiday-shortened week.

USD/JPY News

What to expect from OPEC and G20

Equities and currencies traded higher today after Dr. Fauci, the US’ Director of National Institute of Allergy and Infectious Diseases said there could be a COVID-19 turnaround next week.

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Gold is consolidated in the $1640s in wind-down markets ahead of Fed's Powell

The markets are quieter in Asia following a strong performance on Wall Street with US stocks bouncing back from the prior session's lows. Gold has moved into consolidation between $1,647.60 and $1,650.

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