Oil has dropped to new lows below 95.93 further confirming the idea that 98.83 was the end of wave B. Decline from 98.83 looks like a 5 wave with a wave ( iv ) triangle. Expect a pull back in wave ( b ) toward 97.50 from where Oil should turn lower again. Hourly cycles […]

Pair turned lower sharply after a failed test of 135.50 peak and the decline clearly looks to be impulsive. Pair is close to completing wave iii of ( iii ) of (( c )). It should make corrective pull backs and keep trading lower toward 133.04 which is (( c )) = 1.236 x (( […]

Wave (( b )) of C is considered completed @ 1.4497. While below 1.4448 and more importantly 1.4497, expect weakness toward 1.4330 to complete wave ( a ) of (( c )).

Kiwi ($NZDUSD) is approaching an area where sellers would be booking profits and buyers could appear. Keep an eye on 0.8210 – 0.8254 region from where pair should bounce and attempt to break above descending trend line on 15 minute chart. [jwplayer mediaid=”127123″]