From the last week of the June we were telling our clients to take the profits from the short positions in USDCAD and to start looking for buy entries because preferred Elliott wave structure was suggesting price was approaching the inflection area between 1.06345-1.05349 .Let’s take a look at some charts from members area to see […]

AUDUSD is showing an Elliott Wave zig-zag structure down from 0.9505 peak with FLAT in wave B which completed @ 0.9472. Pair has hit C = A @ 0.9294 but can test 1.236 ext of A-B @ 0.9252 to end this structure and then we should see a 3 wave bounce in the pair. [jwplayer […]

Preferred Elliott Wave view suggests rally to 103.46 completed a corrective (( B )) wave  and Crude Oil futures are now expected to trade lower. Short-term price action suggests wave A ended at 100.42 and shallow recovery to 101.69 was wave B. This gives C = A target of 98.58 which has been reached already. […]

Wave A completed just 1.236 ext of (( a )) – (( b )) and we got the 3 wave pull back that we were anticipating. Metal has hit 61.8 fib retracement of wave A and has enough number of swings in place to call wave B completed. Thus, as per preferred Elliott Wave view […]