Last year turned out to be great for GBP crosses as they managed to put in strong rallies in favor of GBP since December 2018 lows or highs. In this article, we would concentrate on two of the GBP crosses namely GBPAUD and GBPNZD because the rallies last year in these two instruments managed to […]

NQ_F (Nasdaq Futures) made a sharp decline yesterday evening after New York closing and then reacted higher in a very strong manner. Our preferred Elliott wave count treats the dip last night as a Minor wave 4 and now we are expecting the Index futures to be trading higher in Minor wave 5. Earlier this […]

Russell Futures (RTY_F) decline ended cycle from 12/3 and started pulling back. It dropped in 3 waves to 1659.40 and bounced. The bounced appeared corrective so we called for a double three Elliott wave correction lower which was valid as far as price stayed below 12.27.2019 (1687.80). Below, we will present a series of charts […]

Back in September 2019, we said Eurostoxx break above July 25 2019 created an incomplete bullish sequence from December 27, 2018 low. This called for extension higher toward 3849 – 3993 area to complete the sequence from December 27, 2018 low.  Let’s take a look at the chart we shared in our public social media […]

In this blog, we will take a look at the recent price action of USDSEK since we published the short-term view for this pair in Chart of the day on 12.6.2019  Pair was showing an incomplete sequence down from 10.9.2019 (9.964) peak against 11.13.2019 (9.765) and was calling for more downside toward 9.3527 – 9.2549 […]

In this blog, we are going to look at the recent developments in CHFJPY forex pair. CHFJPY rally from 10.4.2019 (106.72) to 10.21.2019 (110.39) was in 3 waves and unfolded as a zigzag Elliott wave structure. Then pair pulled back to correct the cycle from 10.4.2019 low, it did 3 waves back to 109.11 but […]