Let’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 […]

Gold 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) […]

Rally 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 […]

Preferred 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 […]