11USDCAD-DAILY20161117125239

Many traders overlook the process of selecting the right instruments to trade. Trading is a process which requires a lot of discipline and a good technique to be consistently profitable. Selection is one of the aspects which can define the life of a trader because without the right selection process, most traders are going to […]

  • NFP Number: Good or Bad. EURUSD doesn’t care


    The surprisingly weak employment report takes a walk of June rate table and the chances of a motion at the next meeting July also fell sharply. The USA  created only 38,000 new jobs in May, well below the forecast of an increase of 155,000. Is the smallest number of jobs added monthly work in almost […]

    Read More
  • Weekly Market Report June 8


    U. S. Dollar – Biased lower Last Friday, Non Farm Payroll number came out very weak with job growth increased only by +38K in May, far below the consensus of +160K. This is one of the largest misses since 2011 and cooling off the expectation of rate hikes. Further adding to the woe, April’s job gains was also […]

    Read More
  • Elliott Wave Theory Structure : A Running Triangle


        Triangles are overlapping five wave structures that subdivide into five, three swing moves as 3-3-3-3-3 that give pause and consolidates the progress made during a motive wave trending move that can be either bullish or bearish. In impulsive waves these will be seen only in the fourth waves of a five wave impulse […]

    Read More
  • EURUSD: Is History repeating itself?


    In this blog we are going to take a look at the monthly chart of $EURUSD and highlight some similarities between the price action that we saw in the year 2000 and that we have seen since March 2015. Decline from 1995 high – 2000 low was a 3 wave drop to 100% Fibonacci extension […]

    Read More
  • $GBPAUD $GBPUSD and $AUDUSD Live Trading Room – Trade Recap


    Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily at 8:00 AM  EST , join Dan there for more insight into these proven methods of trading. Inflection zones […]

    Read More
  • Australian Dollar may stabilize gradually


    US Dollar Outlook A string of interview with Federal Reserve members in the past two weeks suggest that interest rate hike is imminent. Last Friday, Federal Reserve Chair Janet Yellen also confirmed that the Fed should “probably” raise interest rate “in the coming months” if economic growth picks up and the labour market continues to improve. The U.S. Dollar surged higher after Ms. […]

    Read More