AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, more upside within wave 5 is expected before pair ends the cycle from 12/23 low. […]

GBPJPY rally from 1/16 low (136.42) is unfolding as a 5 waves impulse which is expected to complete wave ((i)) of a Minute degree, as shown below in the 1 hour Asia chart from 1/19/2017. As far as momentum divergence is intact between wave (iii) and wave (v) of Minuette degree, the impulse structure remains valid. If […]

AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, another leg higher in wave 5 still can’t be rule out before pair ends the […]

NZDUSD move up from 12/23 low is extending and it looks like the move up from 12/23 low is unfolding as an Elliott wave diagonal when pair is still in wave 3. Rally to 0.7028 is labelled as wave 1 and dip to 0.6945 is labelled as a FLAT wave 2. Up from there wave 3 […]