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Last week, the US general election took place. The whole world was in the edge about the results. Many headlines have happened since November 3rd. We have been waiting for four days until finding a result that the current president still does not accept. Traders have been at the edge and stay in front of […]
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$USDJPY Short Term Elliott Wave Analysis 01.21.2016
Read MoreShort term Elliott Wave cycle suggests decline from wave X at 118.38 is unfolding in a double three structure where wave ((w)) ended at 115.96 and wave ((x)) bounce is proposed complete at 117.48. While below 117.48, but more importantly as far as 118.38 pivot stays intact, pair is expected to resume lower in wave ((y)) towards […]
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$EURJPY Short Term Elliott Wave Analysis 01.20.2016
Read MoreShort term Elliott Wave cycle suggests cycle from 12/4 peak at 134.58 remains alive as a double three where wave (W) ended at 127 and wave (X) bounce is in progress as a triangle. Wave A of (X) in the triangle is proposed complete at 129.08, and as far as bounces stay below this level, the triangle idea remains […]
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$EURJPY Short Term Elliott Wave Analysis 01.19.2016
Read MoreShort term Elliott Wave cycle suggests cycle from 12/4 peak at 134.58 remains alive as a double three where wave (W) ended at 127 and wave (X) bounce is in progress as a triangle. Wave A of (X) in the triangle is proposed complete at 129.08, and as far bounces stay below this level, the triangle idea remains valid […]
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Where is Euro going next?
Read MoreThe combination of commodity selloff, prospect for more U.S. Dollar interest rate hikes, and Emerging Market capital outflow has put pressure in risky assets to start 2016. In this environment, USD performance is mixed: rising against commodity-linked and Emerging Market currencies, but not doing as well against Developed Market surplus currencies. Current dynamics in fact […]