USDCAD The Elliott Wave Forecast theory was developed in the 1930’s and in the theory, the main idea is that the market advances in five waves and corrects in three waves. Since 1930’s, the world has changed a lot now we have computers and we can see multiple instruments and we can measure momentum and many other […]

In this technical blog we are going to take a look at USDCAD October 18th 2016, 4 hour chart. In which pair was showing incomplete Elliott wave bullish sequence from May 3rd 2016 lows (1.2460) showing higher highs & higher lows. Hence, the strategy was to buy the dips in sequence of 3, 7 or […]

On August 10th $EURAUD broke the previous low from April 21st @1.4425 , making the bearish cycle from the Febrtary peak still alive. Our Elliott Wave analysis suggested for at least another big swing lower below 1.44037 low, so we recommend our members to avoid buying the pair and keep selling the rallies against the […]

Best reading of Elliott wave cycles suggests EURAUD is in a triple three Elliott wave structure from 10/6 (1.4779) high and this cycle is proposed complete with wave W at 1.418. Pair is currently in wave X bounce to correct the cycle from 9/15 (1.5096) peak or at least from 10/6 (1.4779) peak before the decline resumes. We don’t like buying […]