Elliott Wave View Expecting AUDJPY to Extend Lower
AUDJPY shows an incomplete Elliott Wave sequence from April 17, 2019 high, favoring more downside. The 100% target can reach as low as 75.7 - 76.3. In the chart below,…
Elliott Wave View: Bitcoin Extending Higher in Wave 5
Rally in Bitcoin from December 15, 2018 appears to take the form of an impulse Elliott Wave structure. In the 1 hour chart below, we can see wave (3) of…
The Federal Reserve On Hold Despite Pressure to Cut
Summary The Federal Reserve shows no bias to hike nor cut interest rate. Fed Chairman Jerome Powell believes subdued inflation is "transitory". U.S. stocks fell and the Dollar strengthens as…
Elliot Wave View: Impulsive Decline in CADJPY
Short Term Elliott Wave view in CADJPY calls the bounce to 84.37 on April 17, 2019 as wave 2. The pair is currently in wave 3 lower and the internal…
Strong GDP supports the US Dollar
Summary A strong 3.2% U.S first quarter GDP indicates robust economy. Temporary drivers of the growth however may not be sustainable for the remainder of the year. Strong U.S. economic…
Elliott Wave View: AUDUSD Impulsive Decline
Short term Elliott Wave view in AUDUSD is calling the move lower from April 17, 2019 high (0.7206) as an impulse Elliott Wave structure. In the chart below, we can…
Elliott Wave View: EURUSD Remains Bearish in Shorter Cycle
Since topping on February 16, 2018 high (1.255), EURUSD has continued to make a sequence of lower low. In the 1 hour chart below, the decline to 1.1183 ended wave…
Low New Zealand Inflation Rate Increases Chance of a Rate Cut
New Zealand CPI (Consumer Price Index) only grew by 0.1% in the three months to March with annual increase of 1.5%. This is well below the 0.3% rate expected by…
USDMXN Is Holding Down the USDX from Rallying
In today's blog, we will have a look between the relationship of the Dollar Index and the Mexican Peso. The USDMXN has been trading in the same direction as the…
