Bitcoin rallies 34% since September. Will the Rally Continue or Fail?
Bitcoin has been rallying for the last few weeks and this week it managed to make a new high above August 17, 2020 peak. The low seen on 8th September…
Elliott Wave View: Further Weakness in AUDJPY Expected
Short term Elliott Wave View in AUDJPY suggests that cycle from August 31 high is unfolding as a zigzag Elliott Wave structure. On the 60 minutes chart below, we can…
Elliott Wave View: Impulse Rally in EURUSD Favors More Upside
Elliott Wave view in EURUSD suggests that cycle from September 25 low is in progress as a double three structure. Up from September 25 low, wave W ended at 1.1831…
Elliott Wave View: AUDUSD Ready To Turn Lower?
Elliott Wave view in AUDUSD suggests that the bounce from 25 September 2020 low has ended in wave ((B)) at $0.7243 high. The internals of that bounce unfolded as Elliott…
Is Fiscal Stimulus the Next Catalyst for US Dollar Decline?
The second stimulus bill currently under negotiation may be the next catalyst for the decline in US Dollar. The negotiation between Democrat and Republican gained urgency last week as President…
GBPJPY Elliott Wave View: Bulls Are Expected To Remain In Control
Elliott Wave view in GBPJPY suggests that the decline from 01 September 2020 peak unfolded as 5 waves impulse structure where wave ((iii)) ended at 134.55 low. Wave ((iv)) ended…
Elliott Wave View: Further Downside in Pound Sterling
Elliott Wave View of Pound Sterling (GBPUSD) suggests the cycle from September 1 high remains incomplete. The decline from there is unfolding as zigzag Elliott Wave Structure. Down from September…
Elliott Wave View: EURUSD Will Remain Supported in Dips
Elliott Wave View of EURUSD suggests that pair has ended the cycle from September 9 as wave W at 1.1751 low. Afterwards, the pair bounced higher in wave X, which…
Elliott Wave View: Bullish Sequence in EURGBP Favors More Upside
Elliott Wave View of EURGBP suggests that pair shows bullish sequence from April 30 low. Near term, pair has ended the cycle from September 3 low as wave 3 at…