In a speech to the Economic Society of Australia today, Reserve Bank of Australia (RBA) governor Phillip Lowe gave the strongest indication that the bank will cut cash rate in the next meeting. Dr. Lowe said that without interest rate cut, unemployment is not likely to fall much further and inflation remains low. The Australian Dollar […]

Oil shows a 5 waves move from April 24 peak which gives a possibility of more downside.This article and video shows the short term Elliott Wave path.

FTSE shows incomplete sequence from May 13 low & can see further upside in the shorter cycle.This article & video shows the short term Elliott Wave path.

Short term Elliott Wave view in Alibaba (BABA) shows an incomplete sequence from May 4, 2019 peak. The decline from there can either unfold as a zigzag or impulsive Elliott Wave structure. We use the impulsive structure as the chart below shows that the rally to $183.44 ended wave ((2)). This means, Alibaba is now […]

$USDJPY shows impulsive move from 4.25.2019. Bounce is expected to fail for further downside.This article & video shows the short term Elliott Wave path.

Nasdaq is correcting cycle from April 25 peak in 3, 7, or 11 swing but it’s expected to turn lower. This article & video explains the short term Elliott Wave path.