Australian Dollar Slumps as Rate Cut Expectation Rises
Australian Dollar extended the decline to its lowest in a decade last week. The slump came after RBNZ (Reserve Bank of New Zealand) delivered a bigger than expected interest rate…
Elliott Wave View: Selling Pressure in Oil Should Continue
Oil shows incomplete bearish sequence from April 23, 2019 high favoring further downside. The recent break below June 5, 2019 low (50.60) confirms the double three Elliott Wave structure from…
Elliott Wave View: Rally in Nikkei Should Fail and See Sellers
Short Term Elliott Wave View in Nikkei suggests the bounce to 21805 ended wave (2). The Index has resumed lower and ended wave (3) at 19900. The internal of wave…
Yen Surged as Safe Haven On Demand Amidst Trade War Escalation
Last week's tweet by president Trump to slap a new round of tariffs to Chinese goods has sparked risk aversion in the market. Trump announced that he is imposing an…
Elliott Wave View: NZDJPY Plunges after RBNZ 50 bp Rate Cut
NZDJPY plunges as Reserve Bank of New Zealand (RBNZ) cut the interest rate by 50 basis point. The pair already has a bearish sequence prior to the rate decision, and…
Elliottwave View: Decline in DAX a correction or a new bearish market?
Elliott Wave view suggests the bounce to 12660.50 in DAX ended wave (B). The rally to 12660.50 is part of an Expanded Flat structure which starts from May 3, 2019…
Elliott Wave View: Gold Resumes Wave 5 Rally
Elliott Wave view suggests the pullback to 1400.46 in Gold ended wave (4). Internal of wave (4) pullback unfolded as a zigzag from July 19 high (1452.95). On the chart…
Elliott Wave View: EURUSD Continues Lower
Elliott Wave view suggests the decline in EURUSD from June 25 high (1.1412) is in progress as a 5 waves impulse Elliott Wave structure. Wave ((iii)) of this 5 waves can…
Elliott Wave View: DAX Has Reached Support Area
Elliott Wave view suggests DAX is doing wave 2 correction as a Flat Elliott Wave structure. Rally to 12656.05 on July 4 ended wave 1. Down from there, wave ((a))…