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 […]

Elliott Wave FLAT structure is one of the most common corrective patterns nowadays, after Double Three WXY. As you might already know, there are 3 types of Flats: Regular,Running and Expanded. In todays lesson, we’re going to explain Expanded flat pattern. Before we continue, short reminder: check out New EWF blogs and Free Elliott Wave charts. […]

We have 2 important news events for British Pound on Wednesday 12.16.2015 -Average Earnings Index at 9:30 AM GMT (UK Time) -Claimant Count Change at 9:30 AM GMT (UK Time) Both news events could bring some volatility into GBP pairs on Wednesday morning, however $GBPUSD will be more affected by the $USDX reaction on the FOMC events at evening […]