Short term Elliottwave structure suggests wave “b” is proposed over at 18173.54. Decline from there is unfolding in a zigzag where wave (A) ended at 17580.38 as 5 waves diagonal. Near term, while wave B pullback stays above 17580.38, Index has scope to do another leg higher in wave C of (B) towards 17872.98 – 18028.26 […]

Below is a short clip from our New York Live Session on April 29 where our Senior Analyst Daud Bhatti explains why we like to sell GBPUSD from 1.4687 – 1.4848 area for at least 3 waves pullback. $GBPUSD made the high at 1.477 and turned lower as expected. We do two live sessions a day […]

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a zigzag where wave (a) ended at 15.71, wave (b) ended at 15.01, and wave (c) of ((w)) ended at 16.87. Wave ((x)) pullback is in progress to correct the rally from 13.99 with a possible target of 14.82 […]

In the last Monetary Policy Statement (MPS) in March, Reserve Bank of New Zealand (RBNZ) is not happy with the currency’s continued appreciation. They cited the New Zealand Dollar trade-weighted exchange rate is more than 4% higher than projected in December. In subsequent meeting in April 28, RBNZ decided to stay put with the OCR (Official Cash Rate) but RBNZ Governor Graeme […]

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a zigzag where wave (a) ended at 15.71, and wave (b) ended at 15.01. Wave (c) of ((w)) is expected to complete at 16.72 – 17.12 area, then it should pullback in wave ((x)) to correct the rally […]

Short term Elliottwave structure suggests that decline to 13.99 ended wave X. Rally from there is unfolding as a triple three where wave (w) ended at 15.6, wave (x) ended at 15.01, wave (y) is proposed complete at 16.47, and 2nd wave (x) pullback is proposed complete at 15.88. While pullbacks stay above 15.88, and more […]