Bounce to 5800.4 completed wave (X). From this level, the Index declined in a triple correction form ((w))-((x))-((y))-((z)) where wave ((w)) ended at 5685.6, wave ((x)) ended at 5752.3, wave ((y)) ended at 5581.9 , second wave ((x)) ended at 5606.6, and wave ((z)) of W is expected to complete at 5503.7 – 5560.1 area. […]

Rally to 17.77 completed wave W, and  short term Elliott Wave view suggests wave X pullback is unfolding in the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 16.565, wave ((x)) ended at 17.178, and wave ((y)) is currently in progress. Internal of wave ((y)) is taking the form of a double […]

Decline to 11167.55 completed wave W, and subsequent bounce in wave X took the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 11710.41, wave ((x)) ended at 11218.54, and wave ((y)) of X was completed at 11916.17.  From this level, the Index declines in wave ((w)) and the decline is taking the […]

Decline to 1.843 completed wave X. From this level, $TNX rallied in wave ((w)) in the form of a triple correction (w)-(x)-(y)-(x)-(z) where wave (w) ended at 1.989, wave (x) ended at 1.907, wave (y) ended at 2.252, second wave (x) ended at 2.101, and wave (z) of ((w)) ended at 2.335. From the high of 2.335, $TNX declined […]

Below are weekly and daily Elliott Wave analysis on $NZD/CAD, a pair that is not part of the 42 instrument currently covered by EWF, but the same Elliott Wave Principle and technique will be applied to analyze the pair. After watching the videos and reading the commentary below, if you are interested to learn more about Elliott Wave or how we […]

Current preferred Elliottwave view suggests rally towards 0.8163 completed wave ((A)). Wave ((B)) decline from 0.8163 is unfolding in the form of a double correction (W)-(X)-(Y) where wave (W) ended at 0.7857, wave (X) ended at 0.7931,  and wave (Y) is in progress towards 0.7554 – 0.7627 equal leg area. If the pair makes equal leg from […]