NZDUSD Technical Analysis March 29/2017 1 Hour Elliott Wave Analysis: NZDUSD is currently in a Elliott Wave double ((w))-((x))-((y)) correction lower on the 1 hour timeframe and we expect red wave X to terminate in the 0.6967 – 0.6943 area where the pair should bounce higher. We do not recommend selling the pair to the […]

AUDUSD found a possible bottom in December 2015 and has bounced higher. The pair has tried to test the December 2015 low but has been rejected twice, once in May 2016 and the second time in December 2016, both at the point D (Blue pattern) BC 0.50%-0.618% Fib. retracement levels. We at Elliottwave-Forecast still feel […]

GBPNZD found buyers January 15/2017 and has bounced higher. A bullish pattern (Blue) triggered a buy January 15/2017 and bulls have been pushing the pair higher since. At this moment we can now see another possible bullish pattern (Red) emerging possibly in the coming days or weeks. Traders need to wait for the red bullish […]

*** Triangle scenarios have been invalidated *** GBPJPY Technical Analysis February 21/2017 – Triangle Idea Traders should remain bullish as long as GBPJPY stays above the 138.51 level. Below we will show three possible Elliott Wave triangle bullish patterns. GBPJPY has bounced higher since October 2016 and the possibility of the pair continuing higher will […]

GBPJPY Technical Analysis February 10/2017 To view GBPJPY Bullish Trend Starting? Part 1 published January 19/2017 click here > Part 1 GBPJPY 4 Hour Bullish Pattern : On the 4 hour chart we can see a Bullish Pattern (Red) triggered at the BC 0.50% Fib. retracement level where it has since bounced higher. A strong breakout […]

GBPJPY Technical Analysis January 19/2017 GBPJPY 4 Hour Bullish Pattern : In the chart below a Bullish Pattern (Red) buy signal has already been triggered at the BC 0.50% Fib. level and price has since bounced higher. We are expecting for the pair to continue higher and break above the descending trend line signalling that a […]