Best reading of the Elliott Wave cycle suggests decline to 85.41 ended wave (4). From this level, pair has resumed rally in wave (5) as  a double three structure where wave W ended at 87.58, and wave X pullback is currently in progress towards 85.75 – 86.04 area. As far as 85.41 pivot stays intact during the pullback, […]

Best reading of the Elliott Wave cycle suggests there are 5 swings from wave (X) low at 10/28 and another swing higher is ideal to complete a 7 swing structure as far as 92.12 pivot stays intact. Rally from wave (X) low at 90.56 is unfolding in a double three structure where wave W ended at 92.97, […]

Here in Elliott Wave Forecast, we don’t pay attention to the news and we believe that Fundamentals are used to justify the moves that have happened already. As EWF members already know, our forecasts are pure technicals, based on Elliott Wave theory, Cycles, Fibonacci levels,Market Correlations and proprietary Pivot system. Last week during the 11.05 […]

AUDNZD has been moving lower since August 24/2015 and it’s possible that the pair has found a temporary bottom at the 1.0446 October 30 low. The pair has since bounced and on November 3/2015 it made a rally to break above the trend line which can possibly be signalling that more Aussie strength against the […]