Elliott Wave View: Downside Pressure in USDJPY
Short Term Elliott Wave is calling for an impulsive move in USDJPY from April 25, 2019 peak. Down from 112.4, wave ((i)) ended at 111.36 and wave ((ii)) ended at…
Elliott Wave Analysis: Trading GBPAUD with Right Side System
In this blog, I want to share with you some Elliott Wave charts of GBPAUD which we presented to our members. In the chart below You see the 4-hour updated chart presented to…
Elliott Wave View: Further Weakness in GBPJPY
Short Term Elliott Wave view on GBPJPY suggests that further downside is expected. On the chart below, wave ((iii)) ended at 143.74 and wave ((iv)) bounce ended at 146.51. Pair…
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…
