GBPUSD is showing a 5 swing bearish sequence from 12/6 peak (1.277) which favors more downside. The decline from 12/6 peak is unfolding as a double three where wave (W) ended at 1.2198 and wave (X) ended at 1.2432. GBPUSD has since broken below wave (W) at 1.2198 which suggests that the next leg lower has […]

Hello fellow traders. In this technical blog we’re going to present another nice trading opportunity of USDJPY and we’ll explain the strategy in a few words. The video below is a short capture from the London Live Session 01/05/2017 held by EWF Senior Analyst Daud Bhatti. USDJPY Trading strategy: Our Elliott Wave forecast suggests USDJPY […]

Below is an Elliott Wave analysis video on NZDCAD. The pair is currently correcting the rally from 8/24/2015 low and could see more downside short term before the rally resumes to new high or at least bounce in 3 waves. If you enjoy this analysis, feel free to try our service –> 14 days FREE […]

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11404.3. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more […]