USDJPY pair made a sharp move to the upside after US Non-Farm payrolls report last Friday. Financial media would make traders think that up move happened because of NFP whereas in reality, the move had nothing to do with NFP. It was a very technical move and we forecasted this before the move happened. Let’s […]

AUDUSD is showing 7 swings down from 0.7914 high. Area between 0.7694 – 0.7655 is expected to complete 7 swings but our Elliott wave cycle studies and market correlation is suggesting that decline from 0.7914 high is likely to take the form of a triple three Elliott wave structure. Still we would expect to see […]

GBPAUD best reading of shorter cycles suggests pair is in a WXY (7 swing Elliott Wave structure) from 2/12 peak. Decline from 2.0028 – 1.9568 was in 3 waves which was followed by a recovery to fail below the high and a move lower again. We have labelled the move to 1.9951 high as wave […]

GBPAUD best reading of shorter cycles suggests pair is in a WXY (7 swing Elliott Wave structure) from 2/12 peak. Decline from 2.0028 – 1.9568 was in 3 waves which was followed by a recovery to fail below the high and a move lower again. We have labelled the move to 1.9951 high as wave […]

Preferred Elliott Wave suggests move up from 2/15 (118.09) low is taking the form of a (( w )) – (( x )) – (( y )) also known as a double three Elliott wave structure. 120.37 is equal legs of (( w )) – (( x )), pair is getting close to this level […]

USDJPY best reading of Elliott Wave cycles suggests pair is doing a triple three move which is an 11 swing Elliott wave structure from 118.09 (2/15) low. Area between 119.90 – 120.22 is expected to be tested to end this cycle before the pair pulls back in wave X. It’s not a good place to […]