GBPUSD Elliott wave view in short-term cycle suggests that the decline from 4/17/2018 high (1.4377) is unfolding as an impulse Elliott wave structure where bounce to 1.3607 high ended Intermediate wave (4). Down from there, intermediate wave (5) remains in progress as Elliott Wave ending diagonal structure. Ending diagonal usually appears in the sub-division of wave (5) of […]

We wrote in our previous article that Canadian dollar may get a bid if NAFTA (North America Free Trade Agreement) is successfully renegotiated. The three countries under NAFTA (U.S., Canada, and Mexico) are all under pressure to reach a deal soon. The reason is because of Mexico’s presidential election in July as well as US […]

USDCAD short-term Elliott Wave view suggests that the bounce to 1.2998 on 5/08 high ended primary wave ((2)). Below from there, primary wave ((3)) remains in progress as an Impulse Elliott Wave structure looking for more downside extension. In Impulse wave, the subdivision of wave 1, 3, and 5 is also an impulse structure of […]

USDJPY Short-term Elliott wave view suggests that the pullback to 108.62 on 5/04 low ended Minor degree wave 4. Above from there, the rally is unfolding as a 5 waves Elliott Wave structure, also known as Impulse. It’s important to note that the sub-division of Minor wave 1, 3 & 5 are also impulsive in […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of EURAUD published in members area of the website.  In further text we’re going to explain Elliott Wave Forecast and  Swings count. EURAUD Elliott Wave 4 Hour Chart 5.15.2018 EURAUD has made important break on May 10th, making short […]

NZDJPY decline from 7.27.2017 (83.91) is so far in 5 swings which is an incomplete bearish sequence. In Elliott wave terms, decline is taking the form of a  double three (WXY) structure where wave (A) of ((W)) ended at 78.09, wave (B) of ((W)) ended at 82.75 and wave ((W)) completed at 76.09. Rally to […]