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 […]

Short term Elliottwave structure suggests dips to 84.15 ended wave ((x)). Rally from there is unfolding in a double correction where wave (w) ended at 86.22, and wave (x) ended at 84.78. Near term, wave x pullback is in progress with an ideal target of 85.3 – 85.5 (50 – 61.8 back of the rally from 84.78), […]

Short term Elliottwave structure suggests dips to 35.98 on March 15 ended second wave ((X)). Rally from there is unfolding in a zigzag structure where wave (A) ended at 41.2, wave (B) ended at 38.62, and wave (C) is in progress higher as 5 waves. While pullbacks stay above 38.62, Oil is expected to continue higher in wave […]

This is a 4 hour Elliottwave Analysis video on $NZDCAD. As far as bounces hold below 0.9119, the pair is looking to go lower in wave (y) of ((y)) towards 0.8457 – 0.858 area. Check and click here technical blogs for more. EWF currently covers 50 instrument ranging from forex, indices, and commodities in 4 different time frames. Try our […]

Short term Elliottwave structure suggests wave C rally from 2/10 low is unfolding as 5 waves where wave ((i)) ended at 5047.1, wave ((ii)) ended at 4905.5, wave ((iii)) ended at 5245, and wave ((iv)) ended at 5147.4. While Index stays above 5147.4, and more importantly as far as wave ((ii)) low at 4905.4 stays intact, Index is […]