NZDCAD is showing a 5 swing sequence from 8/24 (0.8246) low and more upside is favored. Near term, pair is correcting cycle from 4/27 (0.86) low in 3, 7, or 11 swing before turning higher again. We plan to buy the pullback in 3, 7, or 11 swing for another extension higher. Entry: 0.912 (updated Oct 23) Stop loss: […]

Short term Elliott wave count suggests that pullback to 1.542 at 9/28 ended wave X. The rally from there looks to be unfolding as a 5 wave move and could complete in 1.779 – 1.816 area. Afterwards, it would need to break below the red wave iv low at 1.718 to confirm wave (a) completed and wave […]

The basic premise of intermarket analysis is that there’s a cause and effect of the movement from one instrument to another. For example, the price of gold and the U.S. dollar index ($DXY) generally has an inverse relationship as gold is denominated in US dollars, so any move in the dollar will have an impact […]

Short term Elliott wave count suggests that pullback to 1.542 at 9/28 ended wave X. The rally from there looks to be unfolding as a 5 wave move and could complete in 1.779 – 1.816 area. Afterwards, it would need to break below the red wave iv low at 1.718 to confirm wave (a) completed and wave […]