USDCAD Elliott Wave view suggests that the decline from 3/19 high (1.313) is unfolding as a 5 waves impulse Elliott Wave structure. Minor wave 1 ended at 1.2819, Minor wave 2 ended at 1.2943, and Minor wave 3 is in progress. Internal of Minor wave 3 also unfolded as an Elliott Wave impulse structure in […]

Gold short term Elliott Wave view suggests that the yellow metal is in a sideways move, typical characteristic of a triangle Elliott Wave structure. A triangle is a sideways range structure with ABCDE label. In the case of Gold, decline from 1/25/2018 peak ($1366.06) ended in Minor wave A at $1302.6. Minor wave B bounce […]

New U.S. Sanctions Hurt Russia’s Ruble and Benchmark Index Last Friday, as part of the U.S. effort to punish Moscow for “malign activity around the globe”, the U.S Treasury Department targeted numerous Russian oligarchs, officials, and companies by freezing their assets under U.S. jurisdiction. In addition, the U.S. also prohibits U.S. citizens or entities from […]

NZDUSD short term Elliott Wave view suggests that the decline to 0.715 low on March 21 ended Primary wave ((2)). Primary Wave ((3)) is in progress as a 5 waves where wave 1 of ((3)) is unfolding as a 5 waves diagonal Elliott Wave structure. A 5 waves diagonal is different than 5 waves impulse […]

Escalation in U.S. and China Trade War On Tuesday, the White House published a list of 1300 Chinese products subject to tariffs with total value of $50 billion. It’s however still subject to a review process which will last through at least May before it takes effect. The U.S. list focuses on high-tech item such […]

USDJPY short term Elliott Wave view suggests that the decline to 104.54 low on March 26 ended Intermediate wave (3). Wave (4) correction is in progress as a double three Elliott Wave Structure. A double three is a 7 swing corrective structure with WXY label. In the case of USDJPY, minor wave W of (4) […]