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EWFHendra

By EWFHendra    March 14, 2018    - 2 min read

USDCAD Elliott Wave Analysis: Potential Upside to 1.324

USDCAD Short Term Elliott Wave view suggests the rally from 1/31 low (1.2247) remains in progress as a triple three Elliott Wave Structure. A triple three is labelled as WXYZ…

By EWFHendra    March 13, 2018    - 2 min read

Elliott Wave Analysis: USDJPY Correcting in Flat Structure

Short Term Elliott wave View suggests USDJPY is correcting cycle from 2/2 peak (110.5) as an Expanded Flat Elliott Wave Structure. Flat is a corrective Elliott Wave structure with ABC…

By EWFHendra    March 11, 2018    - 3 min read

Nasdaq Soars to New Record High After Strong Job Reports

Nasdaq soars to an all-time high after last Friday's U.S. employment report which saw a massive 313,000 growth in February. This is the biggest number of jobs since July 2016,…

By EWFHendra    March 10, 2018    - 4 min read

Canadian Dollar Relief Rally After Tariff Exemption

Canadian Dollar had a relief rally last week after the U.S. excluded Canada and Mexico from steel and aluminum tariffs. President Trump's administration enacted these tariffs under section 232 Trade…

By EWFHendra    March 9, 2018    - 2 min read

Elliott Wave Analysis: Copper at Risk of Further Weaknesses

Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak ($3.272), risking for further downside. Current short term Elliott Wave view…

By EWFHendra    March 8, 2018    - 1 min read

Elliott Wave Analysis: USDJPY Correction Should Fail Below 107.9

Short Term USDJPY Elliott Wave view suggests that the rally to 107.9 ended Minor wave X. Pair is expected to resume lower while bounces stay below this level. Down from Minor…

By EWFHendra    March 7, 2018    - 2 min read

DAX Elliott Wave View: Correction Ended

DAX is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that Primary wave ((X)) ended with the rally to 12597.51. Decline from there is unfolding as a Zigzag Elliott…

By EWFHendra    March 4, 2018    - 3 min read

US Dollar at the Start of Multi-Year Downtrend

Since the US Dollar trades freely in the 1970s, on average it has rallied and declined in a period of 7.5 years. The chart below shows short term and long…

By EWFHendra    March 2, 2018    - 2 min read

CADJPY Elliott Wave Analysis: Correction Expected Before Lower Again

Short Term CADJPY Elliott Wave view suggests that the decline from 1/5/2018 high (91.58) is unfolding as an impulse Elliott Wave Structure where Minor wave 1 ended at 87.785, Minor…