Preferred Elliott wave view suggests pair completed wave “W” at 1.1673 and wave “X” is also proposed to be over at 1.1595. Cycle from 1.1594 is proposed to be over at 1.1843 which we think completed wave (( w )). Wave (( x )) pull back is in progress and is taking the form of a […]

USDCAD preferred Elliott Wave view shows decline from 1.1843 high is taking the form of a 7 swing structure and expected to test 1.1729 – 1.1710 area before pair turns higher and resumes the rally.  Worst case scenario would be a 3 wave bounce from 1.1729 – 1.1710 area but ideally we would expect the […]

The Instrument is showing a 5 swing structure in the Monthly chart ,we are not using The Elliottwave Theory for the forecast but the sequence in which the Market moves.EURUSD is entering an area which has bounced 3 times ,the drop from 2008 peak ,bounced after 3 waves, failed and now doing 7 ,so the pair […]

USDCHF preferred Elliott Wave view remains bullish and suggests wave “W” ended at 0.9887 and wave “X” is also proposed to be over at 0.9796. Pair has made a new high above 0.9887 adding more conviction to this view and near-term focus is on 0.9928 – 0.9949 area to complete wave (( w )) before […]