Wednesday the 16th of December at 17:00 UTC, the Federal Open Market Committee – FOMC is to announce decision on Fed Interest Rates and few minutes later to proceed with a press conference from FED’s Chair Mrs. Janet Yellen. While hike Expectations are currently holding at 90% in favor, it is to be seen if […]

Short term Elliott Wave cycle suggests rally to 5420 on 10/23 ended wave “x”. From this level, Index has turned lower in wave ((W)) with the internal unfolding as a triple three structure where wave (W) ended at 5041 and wave (X) ended at 5334, wave (Y) ended at 4963, and second wave (X) bounce is […]

Elliott wave Theory is a great tool for traders when the traders understand that it is only a tool to help them anticipate a big move. The dream of traders using Elliott wave is always to see the Market rallying in their direction and the Plan becoming a reality. The Market moves in sequences which is either Impulsive […]

Correlation between Oil and $USDCAD One of the biggest trades in 2014 – 2015 is undeniably Oil and the correlated commodity currency Canadian dollar, or sometimes called Loonie. For some reasons, most Americans typically associate big crude oil exporters with Persian Gulf countries like Iraq, Kuwait, or Saudi Arabia. However, in reality, majority of crude oil consumed in the […]