GBPUSD shows a 5 waves impulsive decline from Sept 20 high. Rally likely fails in 3, 7, 11 swing below there for more downside.

Nike continues to make an all-time high and sequence remains incomplete. The article and video show the short term Elliott Wave path for the stock.

Short term Elliott Wave view on Exxon Mobil (ticker: XOM) suggests the rally to 75.68 on September 16, 2019 high ended wave ((X)). The stock has turned lower and the structure of the decline unfolded as a 5 waves impulse Elliott Wave structure. Down from 75.68, wave ((i)) ended at 73.6 and bounce to 74.37 ended […]

After forming a low on September 3, 2019 at 115.8, EURJPY has rallied in 3 waves. The rally ended at 120.62 and we labelled this bounce as wave 4. As the structure of the rally from September 3, 2019 low is in 3 waves, this tells us that the rally is only a correction. The […]

Short term Elliott Wave view on IBEX calls the rally from August 15, 2019 low (8405.39) as a 5 waves impulse Elliott Wave structure. Up from 8405.3, wave ((i)) ended at 8806.4 and wave ((ii)) pullback ended at 8592.70. Index then resumed higher in wave ((iii)) towards 9123.9, wave ((iv)) pullback ended at 8964, and […]

Reserve Bank of New Zealand (RBNZ) will have monetary policy announcement at 02.00 GMT this Wednesday. Market consensus is for the central bank to keep Overnight Cash Rate (OCR) at 1%. RBNZ has cut 50 bps last month, more than market’s expectation. Thus RBNZ is likely to wait a little bit to see the impact […]