Short term Elliottwave structure suggests rally to 9218.68 ended wave ((4)) and the Index has resumed lower. Down from 9218.68, wave W ended at 8753. Wave X bounce is currently in progress as a double correction where wave ((w)) ended at 8960.7, and while wave ((x)) pullback stays above 8753, the Index has scope to do […]

Short term Elliottwave structure suggests rally to 9218.68 ended wave ((4)) and the Index has resumed lower. Wave W decline from 9218.68 is unfolding as a double correction where wave ((w)) ended at 8783.4, wave ((x)) ended at 9138.8, and wave ((y)) of W is in progress towards 8675.32 – 8745.94 area. Once wave W is complete, […]

Short term Elliottwave structure suggests rally to 9218.68 ended wave ((4)) and the Index has resumed lower. Wave W decline from 9218.68 is unfolding as a double correction where wave ((w)) ended at 8783.4, wave ((x)) ended at 9138.8, and wave ((y)) of W is in progress towards 8676.12 – 8746.74 area. Once wave W is complete, […]

Short term Elliottwave structure suggests dips to 84.15 ended wave ((w)) and wave ((x)) bounce is proposed complete at 86.3 as a double correction. From 86.3 wave ((x)) high, pair has resumed lower with wave (w) ended at 84.54 and wave (x) bounce is currently in progress towards 85.82 – 86 area before the decline resumes […]

In our past article “US Dollar Outlook into FOMC Meeting on March 16“, we argue that the Fed is likely going to stay put and temper the rate hike expectation and this action should cause U.S. Dollar weakness. It happened as expected with the Fed last Wednesday lowers the median 2016 dot to two hikes from four hikes. The Fed cited […]

Revised short term Elliottwave structure suggests dips to 84.15 ended wave ((w)). Wave ((x)) bounce from there is unfolding as a triangle where wave ((a)) ended at 86.29, wave ((b)) ended at 84.92, and wave ((c)) is currently in progress. Pair is expected to do sideways movement and consolidate in the triangle while wave ((a)) at 86.294 needs […]