Gulden (NLGUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Gulden began a wave one advance on November 12, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 12 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Gulden should be heading next towards the January 12 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
In the weekly chart, I believe Gulden is currently in the red wave five. The red wave five began on November 12, 2017.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here is a short promo video of Gulden. Special thanks to Jordy Daamen for publishing.
(Sources: https://gulden.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Gulden will takeout the January 12 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Gulden will drop below the November 12, 2017 low".
If you think Gulden is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Gulden will stay in a trading range between the November 12, 2017 low and the January 12 peak until March 15".
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