USDCHF shows an incomplete sequence from April 2019 peak favoring further downside and rally to fail in 3, 7, 11 swing. In the short term chart below, the bounce to 0.985 ended wave B and pair has resumed lower in wave C. The internal subdivision of wave C is unfolding as a 5 waves impulse Elliott […]

AUDJPY sank to 11 year low last week as the market is pricing in a drastically lower Australia’s growth outlook. The coronavirus outbreak around the world has disrupted everything from travel, supply chain, and daily activities. The virus first originated in Wuhan, China and has infected 81,000 people globally and killed more than 2700 people. […]

Elliott wave view in NZDUSD suggests the move lower from 12.31.2019 high in the pair is unfolding as a 5 waves impulse. Down from 12.31.2019 high, wave (1) ended at 0.6596, and wave (2) bounce ended at 0.666. Pair has resumed lower in wave (3) towards 0.6374 and wave (4) bounce ended at 0.6488. The […]

Bausch Health (Ticker: BHC) reported Q4 revenue of $2.22 billion, which is a 5% YoY increase.  The result was slightly higher than the consensus estimate of $2.2 billion. The company also reported a $1.51 billion net loss, or $4.3 per share using Generally Accepted Accounting Principle (GAAP). This is a significant drop compared to the […]

Short term Elliott wave view in Oil (CL_F) suggests the rally from February 5 low shows a 5 swing bullish sequence. We label the rally as an impulse Elliott Wave structure with a nest. Up from February 5 low, wave 1 ended at 52.2 and wave 2 pullback ended at 49.42. Wave 3 higher is […]

Short term Elliott wave view in Bitcoin (BTCUSD) suggests the rally from January 24, 2020 low has ended as a 5 waves impulse Elliott Wave structure. Up from January 24 low, wave ((i)) ended at 9570 and pullback in wave ((ii)) ended at 9075. The crypto currency then resumed higher in wave ((iii)) towards 10199.85 […]