A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$USDCAD working on a 7 swing structure
Read MoreLet’s take a look at USDCAD price action from 1.1225 (1.31.2014). Drop from 1.1225 – 1.0968 was a corrective decline and has been sub-divided in 3 larger 3 swings labelled (( a )) – (( b )) and A. Pair attempted to rally and failed almost at 50% fib retracement of the drop from 1.1225 […]
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$GC_F (Gold) 1 Hour Elliott Wave update
Read MoreGold has been trading higher for the last few days as we have been expecting. We view the consolidation between 1.19.2014 (1262) – 2.7.2014 (1254) to be a bullish running triangle. Rally from 1252 is unfolding as a 7 swing structure when we are in 7th swing now. Near-term focus is on 1328 (equal legs) […]
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$CL_F: 1 Hour Elliott Wave Analysis
Read MoreRally from 95.21 – 101.38 was in 5 swings as the chart shows with lack of momentum between the peaks at 100.46 and 101.38. 5 swing rally keeps Oil bullish against 95.21 low for at least 1 more leg to the upside. We are currently in wave B correction which can reach as low as […]
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$HG_F (Copper) 1 Hour Elliott Wave Update
Read MorePreferred view suggests Copper has complete the triangle thrust which also completed the cycle from 3.425 peak (1.2.2014). We have labelled the decline from 3.425 – 3.175 as wave A and treating the current recovery as wave B which is taking the form of a 7 swing structure. We are currently trading higher in wave […]