Short term Elliott wave count suggests that rally to 104.33 ended wave W. Decline from there is unfolding as a double three where wave ((w)) ended at 101.18 and wave ((x)) ended at 103.35. Short term, while bounces stay below 103.35, and more importantly below 104.33, expect more downside towards 100.94 – 101.4 area initially, followed by 99.47 […]

$NZDCAD Daily chart is showing that the instrument has broken above ((W)) peak on 12/29/2015 at 0.9573, suggesting that further upside is favored. From 8/24/2015 low, the instrument is showing a 7 swing sequence but the 7th swing has not reached the target at 1.005 – 1.0276 area. Furthermore, rally from 8/19/2016 low is showing what looks to be a […]

Short term Elliott wave count suggests that rally to 104.33 ended wave W. Decline from there is unfolding as a double three where wave ((w)) ended at 101.18 and wave ((x)) ended at 103.35. Short term, while bounces stay below 103.35, and more importantly below 104.33, expect more downside towards 100.94 – 101.4 area initially, followed by 99.47 […]

$GBPCHF Hello fellow traders, in this technical blog we’re going take a look at the short term Elliott Wave analysis of $GBPCHF currency pair. In the larger time frames we see the pair reached the extreme area in the daily cycle from the last year’s peak (19th November). It hit the important tech zone at 1.2444 […]