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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$EURAUD (7.31.2013)
Read MoreMove up in the pair continues to extend and though the structure doesn’t look like a very pretty impulse, we like more upside in the pair. Short-term support lies between 1.4594 – 1.4667 and price should now stay above 1.4477 previous peak as it continues higher. We don’t like selling the pair into corrective swings […]
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$GBPCHF (7.30.2013)
Read MorePair has extended the move lower which is best labelled as a triple corrective structure. While below 1.4310 expect a test 1.4123 to complete wave X before the pair turns higher again. We don’t like selling the pair at such a late stage in the cycles.
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$NKI (Nikkei Futures) 7.29.2013
Read MoreNikkei futures decline from 14990 initially looked corrective but given the amount of extension in 3rd swing, we like the idea of an incomplete impulse. Expect a test of 13313 to complete wave 3 before we get a wave 4 pull back and a new low to complete a 5 wave drop from 14990 i.e […]
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$USDJPY remains a buy the dips market
Read MoreUSDJPY mid-longer term cycles remain bullish when we view the recent pullback to be wave ( 4 ). Either way, we remain bullish on the pair to continue to view dips as a buying opportunity [jwplayer mediaid=”100502″]