This is a quick update on AUDCAD pair that we have been tracking since the end of May. (Watch previous videos here and here) Pair has already retraced 50% Fibonacci retracement (0.9747) of wave (W) and has enough number of swings in place to call wave (X) completed at 0.9757. We like staying short from 50 […]

On Thursday night, as results for Brexit Referendum vote started coming in and “LEAVE” camp started gaining lead over “REMAIN” camp, GBPUSD started dropping and it was already trading below 2/29/2016 low even before the final result was out. In this video, we explain what caused GBPUSD to drop from just above 1.50 handle to […]

Back in May, we had a look at AUDCAD pair and presented the preferred Elliott wave structure in the pair in daily and weekly time frames. At the time, we said pair is close to a bounce which will offer a selling opportunity for the next leg lower to complete the sequence to the downside. […]

This is an update on AUDCAD video that we did last week in which we were expecting the pair to end a cycle from 3/7/2016 and 12/31/2015 peaks i.e. wave (W) and start to develop a bounce in wave (X) to correct the decline from 12/31/2015. Last week, we saw the pair bouncing and now the distribution system […]

In this blog we are going to take a look at the monthly chart of $EURUSD and highlight some similarities between the price action that we saw in the year 2000 and that we have seen since March 2015. Decline from 1995 high – 2000 low was a 3 wave drop to 100% Fibonacci extension […]