$USDCHF holds 0.8931 for new lows
USDCHF is showing an 11 swing structure down from 0.9157 January high when 0.8931 was 2nd wave (( x )). As far as price stays below this level or pivot at this level keeps holding, we like more downside in the pair toward 0.8642 – 0.8697 from where we should see a bigger recovery in [...]
$FTSE (UK 100) Index Elliott Wave Analysis (2.19.2014)
Index broke to new highs today. Preferred view is that dip to 6608 complete wave X. While above B wave low @ 6716, expect more upside toward 6854 — 6886 to complete wave ( A ). It’s from there Index should turn lower to correct the entire rally from 6416 low. We don’t like selling [...]
$USDCAD in a double corrective structure
USDCAD is showing 5 swings down from 1.1195 peak with no RSI divergence which means sequence is incomplete. Therefore, we look for another low ideally to 1.1000 to complete 7 swings down from 1.1195 peak. Pair should see an upside reaction from the orange area (1.0965 – 1.1000) which can take it to new highs [...]
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