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Expanded Flat forecasting the rally in $USDCAD
Read MoreExpanded Flat is a 3 wave corrective pattern which could often be seen in the market nowadays. Inner subdivision is labeled as A,B,C , with inner 3,3,5 structure. Waves A and B have forms of corrective structures like zigzag, flat, double three or triple three. Third wave C is always 5 waves structure, either motive […]
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EWF Forecasting the decline of $GBPUSD into the Brexit event
Read MoreElliott Wave Forecast has proved one more time that Technical Analysis is a step ahead of Fundamental Events. The price structure of $GBPUSD was showing incomplete bearish Elliott wave sequence into the Brexit Referendum. Our forecast suggested short term rally towards 1.4920-1.5491 to complete 6th swing and decline in 7th swing toward 1.330 area to end the cycle from […]
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Buying the dips in GOLD into Brexit event
Read MoreThe video below is a short capture from Daily Setup Video held on 06/22 by EWF Senior Analyst Daud Bhatti. Daud was presenting Elliott Wave setup of $GOLD, suggesting buying the dips from precisely determined technical area: 1260.4-1251.05 against the invalidation level: 1235.9. This was one of the highest probability trade setups market was showing into […]
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Elliott Waves forecasting the decline in $NZDJPY
Read MoreOn June 24th, $NZDJPY completed wave ((X)) recovery as expanded flat and made 800+ points decline from proposed inflection area. It bottomed at 69.08 , and at current stage still holding above that low. The video below is a short capture from the Plus Daily Technical Video held on 06/22 by our technical analyst Hendra Lao. The […]
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Elliott Waves Forecasting the path in $EURGBP
Read MoreOn May 18th $EURGBP broke the 04/26 low (0.77316) ,calling for further extension lower toward : 0.7564-0.74728 zone where it was expected to complete wave ((4)) daily pull back. A few days after, inflection area had been reached and buyers showed up immediately, making bottom at 0.7563. So far $EURGBP has made gain of 10.76% […]
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Elliott Waves forecasting the path in $AAPL
Read MoreHere is a short capture from the Plus Daily Technical Video from 03/30 , where EWF Technical analyst Hendra Lao explained the Elliott Wave count of $AAPL. Back then, Apple took the previous high from 03/22 date, suggesting further extension in the cycle from the 01/28 low. The price was expected to reach 111.64-114.34 technical […]