USDSEK found a low at 9.2929 on December 31, 2019 and rallied in 5 waves to 9.529. This was followed by a 3 waves pull back to 9.439 on January 15, 2020 and then the pair started trading higher again and managed to break above January 13, 2020 high to create an incomplete sequence higher […]

In this blog, we are going to take a quick look at the Elliottwave chart of Oil (CL_F).  Oil is proposed to be in wave ((C)) which we expect to unfold as a 5 waves move down.  The chart from 1.28.2020 New York Midday update showed that Oil has ended wave (3) at 52.15 low.  […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of CHFJPY, published in members area of the website.  As our members know, CHFJPY is showing impulsive structures within the rally from the 108.79 low. We were calling for further extension higher in the pair recently. The […]

The Dollar Index (DXY) continues to be firm and rallies higher since Dec 31.2019 low. Near term, it still has scope to extend higher towards 98.3 – 98.59 area which is the 100% – 123.6% Fibonacci extension target from December 31, 2019 low. From the above area, it’s possible larger 3 waves reaction against US […]