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BOJ’s inaction may mean stronger Yen
Read MoreBank of Japan (BOJ) did not take any further easing action on Thursday (April 28) monetary policy meeting, sending Yen soaring more than 3% against the U.S. dollar and Nikkei tumbling 3.6%. Coming into the meeting, expectation by market participants was very high that BOJ would take further actions considering that Yen has strengthened for much of 2016, hitting the strongest […]
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Oil Short-term Elliott Wave Analysis 4.29.2016
Read MoreShort term Elliottwave structure suggests that rally from 35.23 on 4/5 remains alive as a triple three where wave W ended at 42.42 on 4/13, wave X ended at 37.61 on 4/18, wave Y ended at 44.49 on 4/21, and 2nd wave X pullback is proposed complete at 42.51 on 4/28. Near term, cycle from 4/28 low is expected to complete soon with wave ((w)) […]
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Oil Short-term Elliott Wave Analysis 4.28.2016
Read MoreShort term Elliottwave structure suggests that rally from 35.23 on 4/5 remains alive as a triple three where wave W ended at 42.42 on 4/13, wave X ended at 37.61 on 4/18, wave Y ended at 44.49 on 4/21, and 2nd wave X pullback is proposed complete at 42.51 on 4/28. Near term, while dips stay above 42.51, oil is favored to resume higher in wave […]
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Apple: Using Elliott Wave to Forecast the Path
Read More$AAPL made a 5 waves move from 2013 low, ending the move at 117.25 (4/27/2015 peak). The stock since then declined, taking the form of a double three WXY (7 swing structure). Watch the video below to understand WXY structure and how to use it to forecast the correction in Apple. From 117.25 peak, the decline […]
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CADJPY Short-term Elliott Wave Analysis 4.27.2016
Read MoreShort term Elliottwave structure suggests that cycle from 4/7 low (81.7) remains alive as a triple three where wave W ended at 85.7 on 4/13, wave X ended at 83.07 on 4/18, wave Y ended at 88.37 on 4/25, and 2nd wave X pullback is proposed complete at 87.28 on 4/26. Near term, while dips stay above 87.28, pair is favored […]
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CADJPY Short-term Elliott Wave Analysis 4.26.2016
Read MoreShort term Elliottwave structure suggests that cycle from 4/7 low remains in progress as a triple three where wave W ended at 85.7 (4/13 high), wave X ended at 83.07 (4/18 low), and wave Y is proposed complete at 88.37 (4/23 high). Second wave X pullback is in progress to correct the rally from wave X low […]