A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$GBPAUD Short-term Elliott Wave Analysis 7.21.2016
Read MoreShort term Elliottwave structure suggests rally from 7/11 low is unfolding as a double correction where wave W ended at 1.763 and wave X pullback ended at 1.731. From there, pair resumes rally where wave ((w)) ended at 1.777 and wave ((x)) pullback is currently in progress in 3, 7, or 11 swing to correct the rally from 1.731 before […]
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$AUDUSD – Extended Shorts in a Continuation Setup Part 1
Read MoreHere is a quick video blog post from one of our resident traders Dan Hussey on a recent AUD/USD setup he tweeted about! Follow Dan on twitter @DanielHusseyJr to hear more great ideas and get his trading ideas first hand. This setup was a short term example of a continuation setup that utilizes a truly […]
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Yen weakness may be temporary
Read MoreDefying many market participants that anticipate a fallout after the unexpected Brexit vote, many risk assets including stock markets and Yen pairs continue to show strength after a few days of pullback. U.S. Indices prove to be resilient and continue to make new all-time highs. The turning point in the sentiment seems to be right after Japanese Prime Minister Shinzo Abe won […]
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$CADJPY Short-term Elliott Wave Analysis 7.20.2016
Read MoreShort term Elliottwave structure suggests rally to 82.53 ended wave (W). Decline from there is unfolding as a double correction where wave ((w)) ended at 80.67 and wave ((x)) ended at 82.15. While pair stays below 82.15, and more importantly as far as 82.53 pivot stays intact, expect pair to resume lower. Initial target lower for wave […]