In this blog, we are going to take a look at the Elliottwave chart of CADJPY.  The rally from August 26, 2019 low unfolded as 5 waves impulsive move up in wave (A) as a diagonal.  Based on Elliottwave theory, the impulsive wave up will be followed by 3 waves correction before resuming to the upside.  […]

Short term Elliott wave view in EURUSD suggests the cycle from December 31, 2019 high is unfolding as an impulse wave. Down from December 31, wave (1) ended at 1.0991 low and the bounce in wave (2) ended at 1.1097 high.  The pair continues to the downside and wave (3) is still in progress.  Wave […]

Short term Elliott wave view in AUDUSD suggests the pair ended the cycle from January 1, 2020 high in wave (1) at 0.6658 low. Down from January 1, wave 1 ended at 0.6845 low and wave 2 ended at 0.6934 high.  The pair continues to the downside and ended wave 3 at 0.6675 low and […]

In this blog, we are going to take a look at the Elliottwave chart of EURCAD.  Based on the daily chart shown below, the pair is doing a correction in wave IV right now.  The correction is unfolding as a double three and has an incomplete sequence.  It has not reached the 100% -161.8% extension […]

In this blog, we are going to take a look at the Elliottwave chart of AUDJPY.  The rally from August 26, 2019 unfolded as 5 waves impulsive move up in wave (A) as a leading diagonal.  Based on Elliottwave theory, the impulsive move up will be followed by 3 waves correction before extending higher.  Therefore, […]

In this blog, we are going to take a quick look at the Elliottwave chart of Oil (CL_F).  Oil is proposed to be in wave ((C)) which we expect to unfold as a 5 waves move down.  The chart from 1.28.2020 New York Midday update showed that Oil has ended wave (3) at 52.15 low.  […]