Last Friday Australian Dollar dipped to a two-and-a-half-year low after it broke blow 71 US cents due to a rising US Dollar and escalation in US-China trade wars. The last time the Australian Dollar traded below 71 US cents was on February 2016. The currency fell out of favor after last week’s comment by President […]

The Elliott Wave Theory, as many traders know, was developed in the 1930′ and the main pattern is the 5 waves structure followed by 3 waves pullback. The Theory was developed based on The Dow Jones Index. Nowadays the Theory is used by traders to forecast any type of instruments like Stocks, Indices, Commodities, and Forex. In […]

EURJPY short-term Elliott wave view suggests that the decline to 124.87 low ended intermediate wave (2) pullback of a leading diagonal structure from 5/29/2018 cycle. Above from there, the rally higher is taking place as Elliott wave zigzag structure within intermediate wave (3) of a diagonal. In a zigzag ABC structure, lesser degree cycles should […]

The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact. The U.S. has just concluded a successful bilateral talk with Mexico on Monday. Under the new agreement, cars need to have 75% of their content […]

NZDUSD short-term elliott wave analysis suggests that the decline to 0.6543 low ended Minor wave 1. The internals of that decline unfolded as impulse structure with lesser degree Minute wave ((i)), ((iii)) & ((v)) unfolded in 5 waves structure. Above from there, Minor wave 2 bounce is taking place as double correction higher with lesser […]

Elliott Wave view on AUDUSD suggests that the decline to 0.7199 ended Intermediate wave (W). Intermediate wave (X) rally appears complete at 0.7382. The internal of Intermediate wave (X) unfolded as a zigzag Elliott Wave structure. Minor wave A of (X) ended at 0.7287, Minor wave B of (X) ended at 0.7248. and Minor wave […]