Index has almost reached the equal legs up from 5.16.2014 marked as red wave X on the chart.  Break of rising 1 hour trend line or a similar break in RSI trend line would add more conviction to the view that cycle is over and a pull back lower in wave ( X ) has […]

Index has almost reached the equal legs up from 5.16.2014 marked as red wave X on the chart.  Break of rising 1 hour trend line or a similar break in RSI trend line would add more conviction to the view that cycle is over and a pull back lower in wave ( X ) has […]

USDCAD decline from 1.0960 stalled @ equal legs which we believe completed wave A of ( C ). Since then, pair has been trading sideways making marginal new highs and lows. We believe pair is doing an irregular wave B when 3 wave move up from 1.0837 – 1.0870 was wave (( a )) of […]

Preferred view is  that cycle from 22.17 high is over i.e. wave ( A ) and wave ( B ) bounce is in progress. Following a pull back in wave B (which can reach as low as 19.09 – 19.25) metal is expected to turn higher in wave C which can reach as high as […]

Preferred view suggests dip to 10667 completed wave B of Y. Index can reach as high as 11403 to complete wave ( W ). Index should then do a larger 3 wave pull back and resume the rally. Risk / Reward ratio is not great for longs here so we don’t like chasing strength at […]

Short term view is that wave ( A ) can reach as high as 95.95 before we get a pull back in wave ( B ) and higher again. We don’t like selling the pair in proposed wave ( B ) pull back and like pair trading higher after completing wave ( B ) pull […]