GBPAUD shows 5 swing bearish sequence from May 6 high, favoring more downside. This article and video show the Elliott Wave path.

GBPUSD shows a 5 waves impulse structure from June 18 low favoring more upside. This article and video shows the short term Elliott Wave path.

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURAUD. As our members know EURAUD has incomplete bullish sequences in the cycle from the 04/17 low. Break of the 05/17 peak made the pair bullish against the 1.6043 low, calling for further strength. Consequently, […]

I want to share with you an Elliott Wave chart of AUDCAD which we presented on the weekend update in the past. You see the 1-hour updated chart presented to our clients on the 6/16/19. AUDCAD had a 1-hour right side tag against 0.9397 peak suggesting more downside. The pair ended the cycle from 06/04/19 peak in black […]

Short Term Elliott wave view in GBPUSD suggests the decline from June 7 high is unfolding as an impulse Elliott Wave structure. Down from 1.276, wave (i) ended at 1.265 with internal as an impulse in lesser degree. Wave (ii) bounce ended at 1.276 as a zigzag Elliott Wave structure.  Pair has now reached 200% […]

Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been for a dip to 5.1%. Australian unemployment rate has now risen 0.3% since February. The official number has raised speculation that further interest rate cut will come. RBA (Reserve Bank of Australia) has been fighting […]