Gold has tested $1300 level 3 times since April and it finally broke above the level on Monday and rose to the highest level this year. The trigger of the break seems to be the North Korea firing a ballistic missile over Japan, which boosts the safe haven demand. The yellow metal then extended the […]

AUDUSD Short Term Elliott Wave view suggests that the rally from 8/15 low is unfolding as a double three Elliott Wave structure. Up from 8/15 low, Minute wave ((w)) ended at 0.79957 and Minute wave ((x)) ended at 0.7868. Minute wave ((y)) is in progress and the subdivision also unfolds as a double three. Minutte wave (w) of […]

Short Term Gold Elliott Wave suggests that the rally from 8/15 low is unfolding as a zigzag. The first leg Minor wave A is subdivided as an impulse. Minute wave ((i)) of A ended at 1300.83, Minute wave ((ii)) of A ended at 1274.45, Minute wave ((iii)) of A ended at 1326, and Minute wave ((iv)) […]

GBPJPY Short Term Elliott Wave suggests that the decline to 8/23 low at 139.26 ended Minor wave W. Up from there, the rally is unfolding as an Diagonal structure . Which we are viewing as part of Minute wave ((a)) of an Elliott wave zigzag structure. Where Minutte wave (i) ended at 141.40 and Minutte wave (ii) ended at 139.99 […]

In May 17th Live Trading Room, we issued a trading idea for AUDNZD . The trade was to buy AUDNZD at 1.0565 and the entry was filled on May 25th. Below is the trading journal we presented to members on May 17th Live Trading Room We subsequently put a limit target of 1.102 and the pair […]

GBPJPY Short Term Elliott Wave suggests that the decline to 8/23 low at 139.27 ended Minor wave W. Minor wave X bounce is currently unfolding as a double three Elliott Wave Structure. Minute wave ((w)) of X ended at 141.47, Minute wave ((x)) of X ended at 139.98, and Minute wave ((y)) of X is subdivided into a […]