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 […]

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Preferred Elliott Wave suggests pair has ended a WXY structure from 149.77 high, we have labelled it as wave (W). Bounce from the lows is also unfolding as a WXY structure and expected to reach 147.37 – 147.87 area which is equal legs – 1.236 ext area of W-X. Market moves in a sequence of […]