The $AUDUSD chart below shows forecast from  February 19 2016.  It suggests the cycle from the 0.69693 short term low has not done to the upside yet, calling for further extension above the previous W high : 0.7242.  The pair ended first leg wave ((w)) of Y red at 0.7171 and now it’s showing very […]

The chart below from 2 December 2015 shows the move up from 24 September 2015 low. It shows price reached and slightly exceeded the 50 % Fibonacci retracement (10588.89) level of the previous ruling cycle before getting rejected and turning lower.  Initial decline was in 3 waves but broke the rising trend line (not shown on the […]

Nikkei 240 minute chart below shows the move up from September 29 2015 ( 16995 low) was a choppy and overlapping structure which showed a lot of contraction as well (see converging trend line connecting price highs and lows). We could also count 11 swings from the low to the high with momentum (RSI) divergence […]

For the last few months Canadian Dollar is one the weakest currencies in the market.  It has been constantly showing the weakness against the all other currencies and our cycle analysis were suggesting the same – furhter collapse of Canadian Dollar.  At the same time Indexes were doing pull backs in weekly charts, and we were […]

We have 3 important news events for US Dollar on Friday 01.15.2016  at 8:30 AM EST/ 1:30 PM GMT (UK Time)  which are hopefully going to make some movements in the market. -Core Retail Sales -Producer Price Index (PPI) -Retail Sales These Fundamentals are released once a month ,  and they usually bring some volatility into USD […]

Hello fellow Traders, we challenge you to Take this Quiz and test your knowledge. On the chart below you can see our h4 Elliott Wave analysis of $GBPJPY from 11.21.2015 date. Take a close look at the labeling and see if you’re able to answer 3 questions given below… 1. Rally from the 180.63 up to […]