USDJPY remains in a sideways consolidation with a bullish bias. This sideways consolidation can play out in a number of different ways as far as Elliott wave patterns go but strategy remains to look to buy the dips rather than selling rallies. Timing cycles are calling for a low on 10.4.2013 [jwplayer mediaid=”115138″]

Preferred view suggests price action from 106.40 – 109.00 was FLAT wave (( b )) and Oil is currently trading lower in wave (( c )) toward 102.58 (equal legs) target which would complete cycle from 110.70 and 112.25 highs and result in a bounce higher.  We don’t like chasing weakness at current levels as […]

Oil’s bounce in  wave B has completed at 109 thus we expect prices to trade lower to complete a cycle from 112.25 high. Expect a pull back toward 107.21 – 107.63 and more downside toward 102.70 area. Hourly cycles remain negative and hence we don’t like buying Oil at current levels. If you would like […]

Yields are trading lower in wave C of ( 4 ) and need 3 swings lower from wave B high so after a pull back expect more weakness toward 2.56% to complete wave ( 4 ) before yields turn higher again. Hourly cycles remain positive so we don’t like selling the yields. Strategy remains to […]

Pair found strong support in EWF buy zone of 1.3020 – 1.3102 and has never looked back since. Most of the members were able to get good positions and some of them are still holding those longs. Against the majority, we treated 5 wave decline from 1.3453 – 1.3102 as part of a FLAT correction […]