Metal is completing a cycle from 3.168 low and once completed, expect a 3 wave pull back before the next leg higher is seen. Wave B pull back can test 50 – 61.8 fib zone (3.203 – 3.215) before another extension higher toward 3.32 – 3.38 region is seen to complete wave ( X ). […]

AUDJPY pair is showing 5 swings down from 96.50 – 94.41. Preferred Elliott Wave view suggests that drop from 96.50 – 94.72 completed wave A and pair has been doing an Elliott Wave FLAT correction since then. 94.72 – 95.51 was wave (( a )), new lows to 94.41 was wave (( b )) and […]

US 10 year yields preferred Elliott Wave count shows a drop with a corrective sequence from 2.691 – 2.494. We have labelled this as wave A. Yields then recovered in 3 waves to 2.57% and started dropping again. Recovery to 2.57% consisted of ((a )) – (( b )) – (( c )) when wave (( […]

GBPUSD made a strong push higher after a double correction lower from 1.7177 high. While above 1.7055 low, pair is expected to make another push higher toward 1.7228 (equal legs up from March low) to complete a cycle and then it should pull back in 3 waves. Last push higher in the pair is expected […]

GBPCHF preferred Elliott wave structure shows pair to be in a 7 swing structure up from 6.5.2014 (1.4972) low. We believe pair has completed 6th swing i.e. wave (( x )) at 1.5210 and now we expect buyers to appear and rally to resume in 7th swing toward 1.5443 – 1.5464 area to end a cycle from 1.4972 […]

GBPCHF preferred Elliott wave structure shows 5 swings up from 6.5.2014 (1.4972) low. We believe pair is currently in 6th swing which has already tested 50 fib (1.5251) but can reach as low as 1.5190 – 1.5223 area before it turns higher toward 1.5464 ( C = A ) to end a 7 swing structure […]