The Swiss Market Index (SMI) is one of the other Capital Markets worldwide that is building motive wave from the lows of March 2020. We can clearly see that it has already completed 3 waves to the upside and we are correcting on wave 4 now.

SMI Daily Chart

Wave ((1)) ends at 10534 as leading diagonal. Wave ((2)) did a double correction to complete at 9498. Then the SMI bounce from there developed another impulse as wave ((3)). The wave (1) of ((3)) did another leading diagonal. If you want to learn more about Elliott Wave Theory, please follow this link: Elliott…

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPAUD, published in members area of the website. As our members know, we’ve been calling rally in the Forex Pair. The pair made pull back that has had a form of Elliott Wave Zig Zag pattern. We expected GBPAUD to find buyers at the extreme zone from the 08/20 peak. In the further text we are going to explain the Elliott Wave Pattern and trading strategy.

Before we take a look at the real market example, let’s explain Elliott Wave…

Short-term Elliott wave view in EURJPY suggests rally to 130.75 ended wave (B). Pair has turned lower in wave © but it still needs to break the previous wave (A) low at 127.9 on August 19 to rule out a double correction. Down from wave (B), decline is in progress as a 5 waves impulsive structure. First leg wave (i) ended at 130.16, and rally in wave (ii) ended at 130.698.

Pair resumes lower in wave (iii) towards 129.63, rally in wave (iv) ended at 129.85, and final leg lower wave (v) ended at 129.63. This completed wave ((i)) in…

Oz Minerals is an Australian mining company. The main products are gold and copper. Formed in 2008 after the merger of Oxiana Limited and Zinifex, it is based in Adelaide, Australia. One can trade it under the ticker $OZL at ASE.

Since 2020, we see a strong rally in all metals. Therefore, one should expect mining companies to profit substantially from the rising prices of the underlying assets. Indeed, we see Oz Minerals turning higher from 2013 lows. Without any doubt, the rising gold prices since 2015 have supported the $OZL stock. Then, from 2020 lows, a strong push higher…

Eramet is a French multinational mining and metallurgy company. The company produces non-ferrous metals and derivatives, nickel alloys and superalloys, as well as high-performance special steels. Founded in 1880 with the funding of the Rothschild family and headquartered in Paris, today, the company is largely owned by Duval family and the French state. Eramet is a part of CAC Mid 60 index and can be traded under the ticket $ERA at Euronext Paris.

Today, we see commodities in general and metals in particular strongly turning up. In consequence, company like Eramet should see strong support in the overall bullish market…

Gold and related Index such as Gold Miners Junior (GDXJ) have been in steady decline / sideways in the past 14 months. GDXJ in particular continues to correct lower after forming the high at 65.95 on August 2020. In this article, we will take a look at the potential support area for the ETF. We believe the longer term direction of this ETF still remains higher despite the more than 1 year correction.

GDXJ Monthly Elliott Wave Chart

Monthly chart of GDXJ above suggests decline to $15.23 ended Grand Super Cycle wave ((II))/((b)) on January 2016. The ETF starts to turn higher and likely in…

$TLT Can Bounce Further to Correct a Cycle From the March 2020 Highs

Firstly the ETF fund TLT inception date was on July 22, 2002. This instrument seeks to track the investment results of an index composed of or in U.S. Treasury bonds with maturities twenty years or more remaining. There is a lack of data before July 22, 2002. This article will focus on the larger uptrend cycle from there which is presumed finished a cycle higher from those lows in wave ((a)) in July 2016. …

Digihost Bitcoin Miner touts itself as a clean bitcoin miner who’s electricity usage is 90% green energy. The chart looks pretty clean, but lets take a look at more details on the company:

“Digihost is a Blockchain Technology Company based in the United States with a focus on Bitcoin mining. Our growth-oriented strategy is to continuously exploit opportunities that increase mining hash rate; reduce energy costs through favourable contracts and vertical integration; and, increase the Company’s inventory of Bitcoin mined and held.

Digihost is well positioned to maintain strong Bitcoin mining operations while continuing to execute on its strategy to…