Tuesday, August 20, 2019
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Home Authors Posts by Edu Vargas

Edu Vargas

109 POSTS 3 COMMENTS
Eduardo is a technical analyst and independent trader based in Buenos Aires, Argentina. He is an Industrial Engineer and holds a Master in Finance degree. In 2008 began to trade Chilean stocks listed on IPSA. From 2013 started to trade CFDs in Forex, Commodities, Indices and ETFs markets. He analyses different markets combining the Elliott Wave analysis with Fibonacci tools. He provides a market mid-long term vision.

Dollar Index Shows Exhaustion Signals

During this year, the US Dollar Index (DXY)  gains 2.16% (YTD). The current EW's structure, suggests the exhaustion of the bullish cycle that started...

Copper – Bears Keep Control

Copper (HG) futures continue under bearish pressure. During this year, the industrial commodity dropped 3.21% (YTD). In this post, we'll review what to expect...

Gold – Careful with the Golden Euphoria

During this year, Gold (XAUUSD) soared 16.85% (YTD). Despite the trade war fear, we envision a limited upside from the golden metal for the...

Crude Oil – Observe This Triangle

The Crude Oil (CL) daily chart shows a potential triangle structure in development which could drive to new lows. Find out with us what...

Silver – It’s Time for a Corrective Move?

In a previous post (read here), we commented about the possibility of a pending upside from Silver (XAGUSD). The decline observed on Tuesday 13...

CADCHF – Watch This Bullish 1-2-3 Pattern

The breakdown and activation of a wave (C) from the Swiss Franc gives us this long-trade setup. Follow with us the potential bullish 1-2-3...

Swiss Franc Futures Completes a Wave B (UPDATE)

As commented last Friday 09, the Swiss Franc Futures completed a wave (B) of intermediate degree at 1.0384 activating the start of a wave...

NASDAQ 100 – A New All-Time High is Coming?

After the intraday breakout, the NASDAQ 100 (NQ) e-mini futures 2-hour chart shows signals of a new bullish leg activated. In this post, we'll...

Nikkei 225 Mets a Minimum Elliott Wave Requirement

The futures of the Japanese index Nikkei 225 (NKD) it has been traded mostly bearish. During this month, NKD eases 4.98%. In this post,...

Argentine Market Collapses

The US dollar reaches a record high in Argentina soaring near to $ 62. The Argentine peso plunges 37.04% triggered by PASO elections. The...

Swiss Franc – It’s Time for Risk-On?

This week, Swiss Franc futures soared again boosted by the alarm caused by the US vs China trade war, but the next question is,...

EURNZD Long-Term Elliott Wave Analysis

The EURNZD cross daily chart shows a complete A-B-C sequence of Minor degree (red label) which started on March 27, 2019. Follow with us...

GBPUSD Shows an Incomplete Sequence, Bears Still in Charge!

During the current year, Cable eases 4.75% (YTD). The 8-hour chart shows a corrective cycle of intermediate degree compounded by three waves. We observe...

Silver – Examine This Chart Before Consider Selling Gold

In previous articles, we discussed the positive correlation between Silver and Gold. In the same way, we covered the long-term structure developed by Silver....

EURGBP Drawing an Ending Structure

The EURGBP cross in the hourly chart shows an Ending Diagonal pattern which suggests declines ahead. As the theory says, a bearish divergence indicates...

Gold Meets an EW Requirement

During this trading session, Gold has hit $1,500, reaching the $1,510.43 level. The golden metal moves to the highest level since 2013, advancing 17.41%...

Crude Oil Hits our Bearish Target

  Crude Oil (CL) met the first bearish target at $51.55 as was commented in our long-term wave analysis on July 28 (read more). In...

GBPJPY – Watch this Potential Trade Setup

In this post, we'll review a potential trade setup from GBPJPY. Our scenario After a bearish sequence, the GBPJPY 1-hour chart shows bounce signals. The double...

EURGBP Reacts on the Pivot Confluence

The EURGBP cross on the 4-hour chart shows an engulfing candle pattern. The formation coincides with the confluence between the first weekly, and monthly...

GBPCHF Playing with the Pivot Levels

During this Friday's session, the GBPCHF cross fell to the lowest level since November 2016. This year, the cross has been traded mostly bearish,...

AUDUSD – Let’s Stalk this Broadening Triangle!

The AUDUSD daily chart shows a broadening triangle pattern. Follow with us what suggests the expansive sequence. The overview The Broadening Triangle, also known as the...

EURGBP – Watch this Flag Pattern

The EURGBP cross has developed a first corrective move after to reach the highest level since September 2017. Follow with us what to expect...

EURNZD – Let’s Stalk for A Potential Breakdown

During the last two weeks, the EURNZD has developed an upward movement which drove its price from 1.6529 to 1.69299. Find out with us...

FED Cuts Interest Rate and DXY Soars to Yearly Highs

Today, the FED decided to cut the interest rate by 0.25%. Opposite to the bearish sentiment on the Greenback facing a likely rate cut,...

EURAUD – Let’s Follow this Breakdown!

The EURAUD cross after the overnight trading session looks mostly bearish. In the 4-hour chart, the engulfing candle makes us foresee a new leg. Our...

Palladium, its Correlation with Gold, How to Profit From it

In this post, we'll show an application of the correlation between Palladium (PA) and Gold (GC). Using it and divergence to assess the next...

CADCHF – Watch this Breakdown!

In this post, we'll review a real-time application of the 1-2-3 pattern from the CADCHF cross. The overview In its 2-hour chart, the CADCHF cross shows...

Copper – Long-Term Overview

This year's Copper (HG) futures advance was a modest 2.86% (YTD) until this Monday. By comparison, Silver (SI) has appreciated 7.90% (YTD). Since the...

Crude Oil – Long-Term Wave Analysis

During July, Crude Oil (CL) eased 5.18%. Since the highest level reached on July at $66.60 per barrel, the energy commodity shows a bearish...

GBPJPY Activates a 1-2-3 Pattern

Thursday, following the weekly opening price, the GBPJPY cross advanced 0.25%. In the post "Decoding the '1-2-3' Pattern Using Price Action", was discussed the...

GBPNZD – An Example of the Relationship Between Price and Time

This week the oceanic cross GBPNZD gains 0.78%. The bullish movement makes us expect fresh highs for the following trading sessions. The relationship between price...

EURJPY Which Direction Will it Take?

During this Monday's session, the EURJPY cross has tested the 121 level as the pivot. The 1-hour chart shows a consolidation structure which let...

GBPCHF Climbs and Tests the 1.23 Level

The GBPCHF cross started the week by advancing 0.23%, although this year the GBPCHF is losing 1.70%. The traders positioning reveals 91% of long...

NZDUSD – Expecting a New Bearish Leg

The NZDUSD pair during the last month gained 0.68%. Until the previous Friday trading session, the sentiment shows that 90% of traders hold short...

USDCAD – Playing with the Bullish Sentiment

This year, the pair USDCAD declined by 4.22%. Currently, on the one hand, the Loonie moves at the lowest levels of the year. On...

Silver Strikes a 12-Month High!

This week the Silver reached the highest level of the last 12 months. Today, the precious metal hit the $16.467, which is in the...

USDJPY – Potential Buy Setup

During the first half of July, the USDJPY pair surpassed June's highs moving up to 108.969. The 4-hour chart shows a potential corrective structure...

GOLD – Which Direction Will it Follow?

  The upward movement developed by Gold on Wednesday's trading session presents us with two scenarios. The first one corresponds to an EW's triangle as...

USDCHF – Which Direction Will it Take?

  The USDCHF pair bounced off once it tested the base-line of the long-term ascending channel. After the impulsive move, the USDCHF retraced in three...

GBPCAD – Watch out this Second Equal-leg Completion

The GBPCAD cross has reached 100% of equal legs from the bearish sequence that began on May 5. The bearish sequence dropped from 1.77239...

CADJPY – Wait for the breakout

The CADJPY daily chart shows a broadening consolidation structure. The price action suggests a limited retracement to continue the previous bullish move. The Scenario The surpassing...

NZDCHF – Watch this potential Inverted H&S pattern

The NZDCHF cross 4-hour chart shows a first bullish movement which looks like a first motive move. The retrace developed by the cross makes...

What Happened with Silver?

This year all the components of the Metals Group show a positive performance. That is all but one. In particular, in metals group, we...

S&P 500 Strikes a New All-Time High

The S&P 500 index (SPX) strikes the 3,000 points for the first time in its history. The American index this year accumulates an advance...

GBPUSD – Expecting for the economic data release

During this year, Cable is trading mainly bearish easing 2.23%. Traders of the GBPUSD pair, which at the moment is quoting near to 1.2455,...

US Dollar Index – Short-Term Review before FOMC Minutes

In this post, we will review the short-term US Dollar Index situation before the next FOMC Minutes release. DXY advances for the second consecutive week The US...

FTSE 100 -Profitable Short-Term Wave Analysis

During Monday's trading session, the FTSE 100 started the week easing 0.22%. Despite this drop, this year the leading British index advances 12.12%. In...

GBPAUD – Short-Term Wave Analysis

The GBPAUD cross is developing a corrective movement of its last bullish cycle. The corrective move has pushed it to fall more than 1,000...

EURGBP – Watch Out this Ending Structure

The EURGBP cross is developing a rally that has returned close to 5.6% since May 6th. In this article, we review the possible next...

XOM – Long-Term Wave Analysis

Exxon Mobil Corp. (NYSE: XOM) is one of the largest oil and gas companies in the world. In this post, we will analyse what...