USDCHF Incomplete Elliott Wave Sequence Puts Sellers in Control
USDCHF found a low on 1.16.2020 (0.9610) and has been bouncing since then. Initial rally from 0.9610 to 0.9729 was in 3 waves which was followed by a pull back…
CADJPY Elliott Wave View: Pullback Another Opportunity To Buy?
Short term Elliott wave view in CADJPY suggests that the rally from August 25, 2019 low ended 5 waves as a Leading diagonal structure at 84.57 high. Down from there,…
NZDJPY Forecasting The Bounce From Blue Box Area
In this blog, we are going to take a quick look at the Elliottwave chart of NZDJPY. The chart from 1.22.2020 New York update showed that NZDJPY ended wave 4…
Elliott Wave View: EURUSD Can See Further Weakness
EURUSD short term Elliott Wave view suggests the decline from 1.6.2020 high is unfolding as a double three Elliott Wave structure. Down from January 6 high, wave ((w)) ended at…
Elliott Wave View: NZDUSD Zigzag Correction in Play
NZDUSD short term Elliott Wave view suggests the decline from 12.31.2019 is unfolding as a zigzag Elliott Wave structure. Down from 12.31.2019 high (0.6755), wave 1 ended at 0.6717, and…
Swiss Franc Strengthens After Being Added Back to US Watch List
Swiss Franc strengthens on Tuesday, January 14 2020, after the US Treasury Department added Switzerland to its watch list for countries labelled as “currency manipulator” alongside other countries such as…
NZDJPY Incomplete Bearish Elliott Wave Sequence
Back in October 2019 we highlighted in this article that Yen crosses like NZDJPY and SEKJPY had reached the extreme areas down from their respective 2017 peaks and a bounce was…
Elliott Wave View: Bitcoin (BTCUSD) Near The End of 5 Waves Rally
Elliott Wave view on Bitcoin (BTCUSD) suggests the rally from December 18, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the 1 hour chart below, we…
Strong Labor Market and High Inflation Supports Canadian Dollar
Canadian Dollar has staged a rally recently on the back of a strong jobs report. Recent strong jobs data and high inflation likely allows Bank of Canada (BOC) to maintain…