Never miss a story from Jeremy Wagner

Subscribe to recieve updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Jeremy Wagner

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

The video above is a recording of a US Opening Bell webinar from November 6, 2017.

In today’s US Opening Bell webinar, we discussed technical Elliott Wave patterns on several key markets for this week. Some of the key markets we analyzed (not in this order) include AUD/USD, NZD/USD, EUR/USD, gold, DJIA, USD/CAD, and crude oil.

Looking for methods to improve your trading, check out this guide on Traits of Successful Traders guide.

Later today, the RBA shares their latest round of interest rates. The technical pattern on AUD/USD could be viewed as a terminal pattern at multiple degrees therefore leading to a burst higher towards .81. It is recommended not to enter a trade in advance of the announcement, but afterwards we can see if the Elliott Wave pattern is still bullish.

On Wednesday, RBNZ shares their news on interest rates. The technical pattern on NZD/USD appears bearish and bullish moves may prove temporary. We are interested in .6970 as a potential pivot zone. Above .7055 and we will need to reassess the Elliott Wave count.

EUR/USD is slow to sell off. The inability of the market to get organized for impulsive moves lower suggests to me this may be a fourth wave correction. If so, when this correction is finished, EUR/USD may squeeze higher to 1.20-1.22.

Crude oil has been in the news lately as prices break $57 per barrel. We have argued for some time the bullish pattern was incomplete. It appears the triangle ended on August 31 and prices are moving higher in a terminal wave. As we see signs of the terminal wave ending, we will alert you in the US Opening Bell webinar.

Here are some Elliott Wave resources shared on the webinar.

Beginner and advanced Elliott Wave guides

What is a zigzag?

3 Elliott Wave flat patterns and how to trade them.

---Written by Jeremy Wagner, CEWA-M

Discuss these markets with Jeremy in Monday’s US Opening Bell webinar.

Are you new to trading FX? We created this guide just for you.

Follow me on Twitter at @JWagnerFXTrader .

See Jeremy’s recent articles at his Bio Page.

To receive additional articles from Jeremy via email, join Jeremy’s distribution list.