Preferred Elliott Wave view suggests GBPAUD pair is working on a FLAT structure since March lows. Decline to 1.8977 completed wave B. Rally from this level has been choppy and overlapping giving rise to the possibility of a diagonal structure which should complete a higher degree wave ((W)) as a FLAT. Wave 1 of C ended at 1.9768, […]

Note: If you prefer videos, the same analysis is available in video format at our video blog. Below is Daily and Weekly Elliott Wave analysis on $AUD/CAD, a pair that is not part of the 42 instrument currently covered by EWF, but the same Elliott Wave Principle and technique are applied to analyze the pair. After reading the analysis below, if you are […]

Besides technical characterists, Elliott wave analysts are also familiar with individual wave personality, which typically reflects the psychology of the moment. In the picture below you can see an example of the rising trend – 5 wave impulsive structure. Wave 1 is rarely obvious at its inception . Traders believe previous trend is still strongly […]

Below is a recap of our call and forecast for Nikkei 225 from our Chart of The Day post from 5/5/2015 – 5/22/2015. You can click the underlined link to view the original post on that date. Nikkei 225 Chart of The Day posted at 5/5/2015 In our Chart of The Day at 5/5/2015, we said Wave (Y) […]