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Elliott Waves forecasting the path in NZDJPY
Read MoreHello fellow traders, the Video below is a short capture from the Plus Daily Technical Video from July 11th , where EWF Technical analyst Hendra Lao presented Elliott Wave chart of $NZDJPY, explaining the view and the swings sequences. Back then, $NZDJPY made a fresh new high above the 07/04 peak (74.24) and our Elliott […]
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What bullish trap looks like (explained through $USDCAD example)
Read MoreHello fellow traders. In this technical blog we’re going to present you another example of Elliottwave Expanded Flat structure. On the 4th August, $USDCAD broke the 1.3000 low and the day after gave us very sharp rally of approximately 180 pips, breaking the previous high at 1.31475. Most of the traders would characterized this price […]
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Elliottwaves forecasting the decline in Copper ( $HG #F)
Read MoreDuring the last days of July 2016 Copper Futures has been forming very interesting price patterns. Our Elliott Wave and Cycle analysis suggested the price has been correcting the decline from the 07/12 peak, looking for 2.233-2.260 area where sellers would be appear. Copper was proposed to reach the mentioned area and complete wave X […]
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Selling the rallies in Wheat Features $ZW_F
Read MoreThe video below is a short capture from Strategy of The Day video presented to members on 12th July 2016. EWF Senior Analyst Daud Bhatti was presenting Elliott Wave setup of Wheat Futures $ZW #F, forecasting further decline and suggesting selling the rallies from precisely determined technical area: 450’1-456’3 against the invalidation level: 466’3. The […]
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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 […]