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…
Elliott Wave Analysis: USDSEK Rally From Blue Box
Welcome traders, today we will look at a couple of USDSEK pair charts.The following analysis will show how profitable and efficient it can be to trade with our philosophy and basic Elliott…
Bitcoin Jumps Sharply by 23%. Is the Bear Market Over?
Today the price of Bitcoin suddenly jumped a massive 23% within 2 hours to reach the highest level in 4 months. The crypto-currency has also added over $14 billion to…
Elliott Wave View: Further Strength Ahead for 10 Year Notes (ZN_F)
Short term Elliott Wave view on Ten Year Treasury Notes (ZN_F) suggests that the rally from January 18, 2019 low (121.02) is unfolding as an Impulse Elliott Wave structure. The…
