Short term Elliottwave structure suggests rally to 0.7504 ended wave ((w)), and pullback to 0.7283 ended wave ((x)). From 0.7283 low, pair ended wave (w) higher at 0.7512, and we take the more aggressive view and call wave (x) pullback completed at 0.7439 as pair has since broken above 0.7512 again. While pair now stays above wave (x) […]

One of the biggest risk events this year – the Euro referendum is finally here and the market will turn its focus on this event in the next few days. The referendum will take place on Thursday June 23rd from 7 am – 10 pm GMT or 2 am – 5 pm EST. All votes is expected to be finalized and counted by […]

Short term Elliottwave structure suggests rally to 0.7504 ended wave ((w)), and pullback to 0.7283 ended wave ((x)). As pair already breaks above 0.7504, it  has resumed the next leg higher in wave ((y)). Internal of wave ((y)) is unfolding in a double three where wave (w) is proposed over at 0.7512, and wave (x) is currently in progress […]

Short term Elliottwave structure suggests that cycle from 3/16 peak, i.e. 2.00, has ended with wave W at 1.518. Rally from there is unfolding as a double three where wave (w) ended at 1.62 and wave (x) pullback ended at 1.604. Near term focus is on 1.706 – 1.73 area to complete wave (y) of ((w)) and end cycle […]