Turkish Lira dropped nearly 30% since Friday, 10th August 2018 and one stage and has since recovered nearly half of the losses and now trading at 6.4093 which is still nearly 15% below where it was last Friday. We know that US President Donald Trump doubled Tariffs on Steel and Aluminium Imports from Turkey on […]

USDCAD Elliott Wave Analysis and swing analysis suggests pair is showing 5 swings up from 9.8.2017 low. Impulsive sequence runs in 5, 9, 13, 17 and so on whereas corrective sequence runs in 3,7,11,15 and so on. Daily chart below shows the move up from 9.8.2017 low is overlapping and hence it’s corrective in natures […]

NZDJPY recently broke below 5/29/2018 (74.54) low due to which there are a lot of bearish forecasts around, some extremely bearish and some less bearish. In this blog, we will look at whether new lows have made NZDJPY turn extremely bearish or this decline is an NZDJPY buying opportunity. Back in May this year we […]

Palladium ended a cycle from January 2016 low (452.63) and the pull back should be a Palladium Buying Opportunity. Rally from January 2016 low can be counted as an Elliott Wave Impulse when rally to 776 completed wave ((1)), dip to 652.15 low completed wave ((2)), rally to 1023.95)completed wave ((3)), dip to 973.60 low […]

Nifty MIDCAP super cycle from 2009 low remains in progress as an impulse and we believe the Index is still within the powerful wave (III). Rally from March 2009 low to November 2010 was wave (I), dip to August 2013 low completed wave (II). Up from there rally to April 2015 peak (3581) completed wave […]