GBPCAD Found Buyers In Blue Box And Rallied
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPCAD. As our members know GBPCAD is showing incomplete bullish…
USDMXN Bearish Sequence Calling Extension Lower
Back in September 2018, we highlighted that USDMXN Elliott wave analysis suggested bounces should fail below 6.15.2018 peak for extension lower. The bounce did fail below 6.15.2018 peak as pair formed…
Fed’s Policy U-Turn Deters Dollar Bulls – US Dollar Weakness Ahead
After repeated rebuke by President Trump, the Fed has completely capitulated. Following the two-day meeting, the Fed has scaled back their projected interest rates rise to zero this year. This…
Elliott Wave View: EURJPY Should Extend Lower
EURJPY has ended the cycle from Jan 3, 2019 low at 127.5. We label this rally from Jan 3 to March 1, 2019 as wave ((X)). This means the pair…
Elliott Wave Analysis: Trading EURGBP with Right Side System
In this blog, I want to share with you some Elliott Wave charts of EURGBP which we presented to our members recently. You see the 1-hour updated chart presented to our clients on…
Elliott Wave View: EURUSD Breaks Down After ECB Meeting. What’s Next?
In today's meeting, the ECB (European Central Bank) has downgraded their economic growth and inflation forecast. In addition, it has announced a fresh stimulus in the form of TLTRO (Targeted…
AUDNZD Incomplete Bearish Sequences Calling The Decline
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of AUDNZD published in members area of the website. As our members know,…
Elliott Wave View: Further Strength in EURAUD
Short Term Elliott Wave view in EURAUD suggests the rally from February 21, 2019 low (1.5736) is unfolding as a 5 waves diagonal. Up from 1.5736, wave 1 ended at…
Bleak Canada’s GDP Pummeled Loonie
Canada's Dollar slumped last Friday due to worse-than-expected gross domestic product data. Canada's economy practically grinds to a halt at the end of 2018. Real GDP grew by just 0.1…