For the last few months Canadian Dollar is one the weakest currencies in the market.  It has been constantly showing the weakness against the all other currencies and our cycle analysis were suggesting the same – furhter collapse of Canadian Dollar.  At the same time Indexes were doing pull backs in weekly charts, and we were […]

Revised short term Elliott Wave cycle suggests cycle from 12/18 peak has ended with with (Y) at 115.96.  From this level, pair has bounced in 3 swings so far. Wave W is expected to complete at 117.96 – 118.32 area, then it should pullback in wave X before potentially another leg higher to finish wave (X) for a […]

The aftermath of the 2008 financial crisis saw a massive deleveraging and repricing of risky assets, forcing many central banks in the world to adopt near-zero interest rate and in some cases introduce unconventional monetary policy like quantitative easing. Fast forward to 2016 today, after 7 years of near-zero interest rate policy, the Federal Reserve […]

Short term Elliott Wave cycle suggests decline from wave X at 118.38 is unfolding in a double three structure where wave ((w)) ended at 115.96 and wave ((x)) bounce is proposed complete at 117.48. While below 117.48, but more importantly as far as 118.38 pivot stays intact, pair is expected to resume lower in wave ((y)) towards […]