USDCAD is showing 5 swings down from 1.1195 peak with no RSI divergence which means sequence is incomplete. Therefore, we look for another low ideally to 1.1000 to complete 7 swings down from 1.1195 peak. Pair should see an upside reaction from the orange area (1.0965 – 1.1000) which can take it to new highs […]

Preferred view suggests yellow metal is in wave 5 of ( C ) and after a B wave pull back toward 1332 – 1336, we should see further strength in wave C of 5 toward 1365 – 1370 region to complete wave (( B )) from where the decline should resume. We don’t like selling […]

USDCAD 5 min chart is showing a possible FLAT structure which is a 3-3-5 structure. We have 3 waves up from 1.1037 – 1.1082 and 3 waves down to 1.1033. After that we can count 5 waves up to 1.1110 level with divergence in RSI. As far as RSI divergence remains intact and price stays […]

EURJPY dropped hard on 2.27.2014 but members knew it was a great buying opportunity. Let’s take a look at some charts from members area before the drop, what was expected afterward and what actually happenend

EURUSD spent a lot of time consolidating between 1.3773 – 1.3683 range before finally breaking lower and rallying to new highs. Let’s take a look at some charts from members area to see how it all unfolded

Wave B high is proposed to be in place at 3.32. Metal completed wave (( b)) & is currently trading lower in wave (( c )) of ((w)) which is expected to end in the orange zone which lies between 3.169 – 3.191. From here expect metal to recovery in a corrective fashion and resume […]