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 term US Dollar cycle: Short Term and Long Term US Dollar Cycle From the chart above, we can see that since 1970s, the cycle in […]

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 wave 2 ended at 89.439, Minor wave 3 ended at 84.468, and Minor wave 4 ended at 85.24. Minor wave 5 remains in progress as […]

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 88.48, Minor wave 2 ended at 89.63, Minor wave 3 ended at 83.824, and Minor wave 4 ended at 84.82. Minor wave 5 is currently in progress […]

On Feb 20, Wheat (ZW_F) daily chart shows incomplete bullish sequence from 8.29.2017 low, favoring further upside towards 472.7 – 489. In the Live Trading Room, we informed members we like to buy wave (x) dips at 451.3 inside the blue box (see chart above) as far as pivot at 438.6 stays intact. Below is the […]

Revised Short Term Elliott Wave view in Gold suggests that the yellow metal is still correcting cycle from 12/13/2017 low ($1236.3) as a double three Elliott Wave structure. Up from 12/13/2017 low, Intermediate wave (W) ended at $1366.06 and Intermediate wave (X) pullback remains in progress as a double three. Down from $1366.06, Wave W of […]

Short Term Elliott Wave view in Gold suggests the decline to $1306.8 ended Intermediate wave (X). However, the yellow metal needs to break above Intermediate wave (W) at $1366.06 to rule out the possibility of a double correction in wave (X). Up from $1306.8, the rally is proposed to be unfolding as a double three Elliott Wave […]