Elliott Wave View: GBPUSD Zigzag Correction in Progress
Short term view in GBPUSD suggests the rally to 1.3143 ended wave 1. Pullback in wave 2 is currently in progress as a zigzag Elliott Wave structure. Down from wave…
Elliott Wave View: USDCAD Rally Expected to Fail
Short Term Elliott Wave view in USDCAD suggests wave 2 ended at 1.338. The pair has extended lower within wave 3 with internal subdivision as a 5 waves impulse structure.…
CHFJPY Strong Rally From The Elliott Wave Blue Box Area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of CHFJPY. In which, the rally from 13 January 2023 low unfolded as…
Short Term Any Breakout Of The Rupees (USDINR) Should Be False
The Indian rupee (USDINR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees…
USDJPY Impulsive Decline Portends Further Weakness
Cycle from 10.21.2022 high is in progress as a zigzag Elliott Wave structure. Down from 10.21.2022 high, wave a ended at 127.22 and rally in wave b ended at 145.09.…
EURUSD Starts New Bullish Cycle
Short term Elliott Wave view in EURUSD shows a bullish sequence from 6.1.2023 low. Rally from there is in progress as a 5 waves impulsive structure. Up from 6.1.2023 low,…
Renminbi (USDCNH) Broke The High And Entered In A Double Correction
In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 and from there it…
EURGBP Sell Setup From Blue Box Works As Expected
In our service, we provide members trade setup in Live Trading Room. However, our setup is based on certain conditions. To trade, we need these conditions: There's a bullish sequence…
GBPUSD Reacted From The Blue Box After A Double Three Structure
A Double three structure is a sideways combination of two corrective patterns. There are several corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined…
