There’s no question the most important risk event and near term key driver for Poundsterling remains to be Brexit. This month may shape up to be an important week for Poundsterling as Prime Minister Theresa May’s Cabinet discusses about it throughout the month of November. The Sunday Times reports last weekend that Mrs. May has […]

EURNZD short-term Elliott wave analysis suggests that the decline from 10/08/2018 peak is unfolding as Zigzag structure. Where a bounce to 1.7881 high ended Minute wave ((ii)), Minute wave ((iii)) ended in lesser degree 5 waves at 1.7528 low. Minute wave ((iv)) ended at 1.7596 high. And Minute wave ((v)) ended at 1.7493 low which […]

Bitcoin ticker symbol: BTCUSD short-term Elliott wave view suggests that instrument is trapped in a sideways price action since August 2018 lows. Which suggests that pair can be doing a bearish triangle structure. Where lesser degree price action shows Minutte wave (b) ended at 6656.63 as a bearish triangle. Down from there, Minutte wave (c) ended […]

EURJPY short-term Elliott wave analysis suggests that the decline to 129.13 low ended Minor wave A. The internals of that decline unfolded in 5 waves impulse structure in a lesser degree cycle. Thus suggests that the pair can be doing a Zigzag correction lower. Up from there, a bounce to 130.18 high ended Minor wave […]

EURUSD short-term Elliott wave view suggests that the decline to 1.1427 low ended cycle degree wave II pullback. The internals of that pullback unfolded as a Flat structure which ended the correction against 8/15/2018 low. Up from 1.1427 low, the pair is expected to resume the next leg higher in cycle degree wave III. The […]

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of  AUDUSD published in members area of the website. As our members know, AUDUSD  has incomplete bearish sequences in the cycle from the January 2018 peak.  Price structure suggests that the pair is targeting 0.6938 area as […]