Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. From this level, pair turned lower in a double three structure where wave ((w)) ended at 84.67, wave ((x)) FLAT ended at 86.2, and pair has resumed lower in wave ((y)). Equal legs of (w)-(x) in ((y)) comes at 82.44 which is where a cycle […]

Here is a quick look at the areas that we highlighted for selling CADJPY, buying USDCAD and selling Dow Jones in Daily Elliott wave setups video from 12/22. USDCAD found buyers in 1.3842 – 1.3806 area and turned higher, CADJPY found sellers in 87.23 – 87.40 area and turned lower lower and Dow Jones also found […]

After the initial 3 wave recovery from January 2009 lows to April 2011 peak, Crude made a sharp decline to 74.95 in October 2011, a low that we were to find out later, would lead to 3 years of sideways price action before it would finally give up for the next leg lower. Decline from […]

– RBA Rate Decision (Dec 1): 10:30 PM EST / 3:30 PM GMT  Australia’s Reserve Bank is due to interest Rate Decision in few hours and while Market anticipates official cash rate to hold stable at 2.00%, Traders will be looking for the Statement Release scheduled at 03:30 UTC Time, concerning the RBA’s monetary policy and […]