Elliott Wave analysis of EUR/USD; EUR/JPY; EUR/NZD; DJI; SSEC; Gold and Natural Gas

EUR/USD - If EUR-bulls had any hope left the break below 1.2405 should have them loose it.
We should now be looking for 1.2286 as the next minor support, but it too should be taken out without much trouble as blue wave v makes it way towards 1.2065 as the ideal target for blue wave 5

EUR/JPY - Important support at 98.30 hasn't yet been broken, but it should only be a question of time before it gives away for a continuation towards the ideal target near 94.58, which should mark a long term bottom and call for a major rally.

 EUR/NZD - WOW! Support at 1.5522 gave away as pink wave v extends too. There is no way of telling if a wave extends, but looking at the 4 hour chart it is easy to see afterwards.
The break below 1.5522 calls for a re-calculation of the possible extension target and the first lower extension target is at 1.5297 and the second is at 1.5228, which is very close to the ending diagonal support-line.
Looking at the bigger picture (upper chart) we can see that the decline from 1.9563 has become an ending diagonal and that we are in the fifth and final leg lower. The absolute maximum for wave 5 is at 1.4397, where wave 5 will be equal to wave 3, however wave 5 can not go just a single pip below as wave 3 can not be the shortest of the impulsive waves. However I don't expect wave 5 to even come close to 1.4397.

 Dow Jones Industrial Index - Has been just a few points for the ideal target-area at the same time divergence seems to be building on the RSI-Indicator, warning that a top could be close at hand. However a break below 12,795 is needed to confirm the top and re-newed pressure to the downside.

Shanghai Composite - Just continues to work its way lower to the ideal target near 2,074. Short term a minor correction in red wave iv is expected, but it should not develop into something serious. I would look for resistance in the 2,234 - 2,244 area, but it could develop into a slightly bigger correction towards 2,265 - 2,286 area, but it's not necessary.

 Gold - The test of 1,624.70 was enough and downside pressure should now increase for a new decline towards important support at 1,520. A break below 1,520 is needed to really turn focus towards the downside, but if this support does give away, we should be looking at much lower levels.

 Crude Oil - Has now reached the target-area and risk is turning to the downside again. We could still see a move closer to 90.80, but risk/reward again favors focus towards the downside for a move closer to 72.00.

Natural Gas - Seems to be picking up momentum, which is what we should expect in wave 3. A break above the 3.00 handle should soon be seen as we move towards the 3.60 area.