In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NZDJPY. In which, the rally from 24 March 2023 low unfolded as an impulse sequence and showed a higher high sequence. Therefore, we knew that the structure in NZDJPY is incomplete to the upside & should extend higher. So, […]
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$USDCHF Elliott Wave Analysis: More Upside While Above 0.942
Read More$USDCHF Elliott Wave view suggests that the rally from 3.5.2018 low (0.9336) is unfolding as a double three Elliott Wave structure where Minor wave W ended at 0.9535. Below from here, Minor wave X ended at 0.942 and the internal subdivision unfolded as a smaller degree double three Elliott Wave structure. Down from 0.9535, Minute wave […]
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$CADJPY Elliott Wave Analysis: Further Downside to End Wave 5
Read More$CADJPY Elliott Wave view suggests that the decline from 1.5.2018 high (91.58) is unfolding as a 5 waves impulse Elliott Wave structure. Minor wave 3 of this impulsive move ended at 81.36 on 3.5.2018 and Minor wave 4 ended at 83.51 on 3.12.2018. While bounces stay below 83.51, pair now has scope to extend lower to […]
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CADJPY Elliott Wave View: What Do We Make Of This Week’s Drop
Read MoreIn this blog, we will take a look at CADJPY Elliott Wave View in the short-term. Rally from 81.36 (3/5/2018) to 83.51 (3/11/2018) was a double zig-zag Elliott wave structure where wave ((w))was sub-divided as (a)-(b)-(c) and ended at 82.56, wave ((x)) ended at 81.39 and wave ((y)) was also sub-divided as (a)-(b)-(c) and completed […]
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USDCAD Elliott Wave Analysis: Potential Upside to 1.324
Read MoreUSDCAD Short Term Elliott Wave view suggests the rally from 1/31 low (1.2247) remains in progress as a triple three Elliott Wave Structure. A triple three is labelled as WXYZ and each leg in this structure is corrective, so we have 3-3-3-3-3 structure. Up from 1.2247, Intermediate wave (W) ended at 1.2689, Intermediate wave (X) […]
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AUDCAD: Why We Were Bullish
Read MoreHello fellow traders. Another pair we have traded lately is AUDCAD. As our members know, AUDCAD is having incomplete bullish sequences in the 1 Hour cycle and suggesting further rally. Due to incomplete structure the pair is targeting 1.0212+ area according to Sequence Report. Consequently, we advised clients to avoid selling the pair and keep […]
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Elliott Wave Analysis: USDJPY Correcting in Flat Structure
Read MoreShort Term Elliott wave View suggests USDJPY is correcting cycle from 2/2 peak (110.5) as an Expanded Flat Elliott Wave Structure. Flat is a corrective Elliott Wave structure with ABC label, and it has a subdivision of 3-3-5. In the case of USDJPY, Minor wave A ended at 197.9 on Feb 21 and Minor wave […]