A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
-
$EURGBP FX Pair Longer Term Cycles and Elliott Wave
Read More$EURGBP FX Pair Longer Term Cycles and Elliott Wave Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark up until the point EURUSD currency existed. Secondly as seen on the monthly chart below I will describe how I […]
-
Elliott Wave View: AUDUSD in 3 Waves Correction
Read MoreShort term Elliott wave view in AUDUSD suggests the pair ended the cycle from January 1, 2020 high in wave (1) at 0.6658 low. Down from January 1, wave 1 ended at 0.6845 low and wave 2 ended at 0.6934 high. The pair continues to the downside and ended wave 3 at 0.6675 low and […]
-
EURCAD Incomplete Sequence Keeps Sellers In Control
Read MoreIn this blog, we are going to take a look at the Elliottwave chart of EURCAD. Based on the daily chart shown below, the pair is doing a correction in wave IV right now. The correction is unfolding as a double three and has an incomplete sequence. It has not reached the 100% -161.8% extension […]
-
CVR Energy (NYSE:CVI) – Recovery on the Horizon
Read MoreCVR Energy (NYSE:CVI) lost almost 40% of it’s value since July of last year, as the stock started correcting the impulsive 5 waves advance from 2016 low. The correction taking place is unfolding as 3 waves Zigzag structure which can ideally find support at equal legs area $31.36 – $20.77 from where a reaction higher […]