USDCAD preferred Elliott Wave view shows decline from 1.1843 high is taking the form of a 7 swing structure and expected to test 1.1729 – 1.1710 area before pair turns higher and resumes the rally.  Worst case scenario would be a 3 wave bounce from 1.1729 – 1.1710 area but ideally we would expect the […]

USDCHF preferred Elliott Wave view remains bullish and suggests wave “W” ended at 0.9887 and wave “X” is also proposed to be over at 0.9796. Pair has made a new high above 0.9887 adding more conviction to this view and near-term focus is on 0.9928 – 0.9949 area to complete wave (( w )) before […]

Preferred Elliott Wave suggests pair has ended a WXY structure from 149.77 high, we have labelled it as wave (W). Bounce from the lows is also unfolding as a WXY structure and expected to reach 147.37 – 147.87 area which is equal legs – 1.236 ext area of W-X. Market moves in a sequence of […]

Preferred Elliott Wave suggests pair has ended a WXY structure from 149.77 high, we have labelled it as wave (W). Bounce from the lows is also unfolding as a WXY structure and expected to reach 147.37 – 147.87 area which is equal legs – 1.236 ext area of W-X. Market moves in a sequence of […]

Best reading of the cycles suggests pair has ended a cycle from 10.15 (134.12) low and is due a larger 3 wave pull back in 4 hour time frame. Let’s take a look at Elliott wave structure of the decline from 149.77 peak. Initial decline from 149.77 – 146.40 was a triple three or ((w))-((x))-((y))-((z)) […]