GBPUSD short-term Elliott wave view suggests that the rally to 1.3215 high ended Minor wave 2 bounce. Down from there, Minor wave 3 is taking place as impulse structure with lesser degree cycles are showing sub-division of 5 waves structure lower in it’s each leg lower i.e Minute wave ((i)), ((iii)) & ((v)). While the […]

Turkish Lira dropped nearly 30% since Friday, 10th August 2018 and one stage and has since recovered nearly half of the losses and now trading at 6.4093 which is still nearly 15% below where it was last Friday. We know that US President Donald Trump doubled Tariffs on Steel and Aluminium Imports from Turkey on […]

EURJPY short-term Elliott wave analysis suggests that the decline from 7/17/2018 peak (131.97) is unfolding as 5 leading diagonal structure in Minor wave A of a possible zigzag correction. The initial decline to 129.39 low ended Minute wave ((i)). Then Minute wave ((ii)) bounce ended at 131.13 as a Flat. Down from there, Minute wave […]

Hello fellow traders. Another trading opportunity we have had lately is AUDNZD. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDNZD published in members area of the website. In further text we’re going to explain the forecast and trading setup. As our members know, AUDNZD have […]

USDSEK short-term Elliott Wave view suggests that the decline to 8.7345 low ended Minute wave ((ii)) pullback. The internals of that pullback unfolded as Elliott wave Zigzag correction where Minutte wave (a) ended in 5 waves structure at 8.7377 low. Then the bounce to 8.8687 high ended Minutte wave (b) bounce in swings. The decline […]

GBPUSD short-term Elliott Wave analysis suggests that the decline from 7/09/2018 peak (1.3361) is unfolding as Elliott wave zigzag when Minor wave A ended in 5 waves structure at 1.2956 low. Up from there, the bounce to 1.3214 high ended Minor wave B. The internals of that bounce unfolded as a Double three structure where […]