Elliott Wave View: CADJPY Selloff To Resume
Short Term Elliott Wave view suggests that cycle from 11.8.2018 high (87) ended at 83.55 in Minor wave W and bounce to 85.27 ended Minor wave X. Pair has resumed…
Brexit Uncertainty to Continue Put Pressure on Poundsterling
The Brexit saga continues to unfold as Prime Minister Theresa May postponed Brexit deal vote in U.K Parliament last week. The cancellation happened after it becomes clear that May will…
Elliott Wave View: NZDUSD Pullback In Progress
Short Term Elliott Wave view suggests that cycle from Oct 8 low (0.642) has ended at 0.697 high as Primary wave ((1)). Pair is now in the process of correcting…
Elliott Wave View Suggests Bitcoin Selloff Not Over
Short Term Elliott Wave view suggests that the selloff in Bitcoin is not yet over. Rally to $4409.77 ended Intermediate wave (X). Down from there, the decline is unfolding as…
Elliott Wave Analysis: SPX Bounce Expected to Fail
SPX has broken below Oct 30 low (2603.54), i.e. Primary wave ((W)), opening further downside with incomplete bearish sequence from Sept 21 high (2940.91). Near term Elliott Wave view suggests…
Elliott Wave View Expects More Downside in Exxon Mobil (XOM)
Exxon Mobil (ticker: XOM) has broken below Nov 23 low ($74.7) and opens further downside in the stock with incomplete sequence from Sept 25 high ($87.36). Short Term Elliott Wave…
Will the Arrest of Huawei Executive Derail Trade War Truce?
The market celebrated the trade war truce between U.S. and China after the successful meeting last week between President Trump and Xi. Unfortunately, it only lasted for about 24 hours…
Elliott Wave View: DAX Looking for Further Downside
DAX continues to make a new low and this week broke below 11/20 low (11009) suggesting that the move lower remains in progress. Near term Elliott Wave outlook calls for…
Elliott Wave View Supporting Further Strength in USDCAD
USDCAD has broken above 11/29/2018 high (1.336) as well as above 6/27/2018 high (1.3386) creating incomplete bullish sequence. Short term Elliott Wave view suggests the rally to 1.336 on 11/29…
