CADJPY Short Term Elliott Wave view suggests that the decline from 4/13 peak at 85.76 to 83.87 low ended Intermediate wave (2) as a double three Elliott Wave structure. The internal subdivision of the decline from 85.76 high shows an overlapping structure. This suggests the decline is corrective in nature. We label the correctin as W-X-Y. […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURJPY published in members area of the website. As our members know, the pair has been trading lately within Elliott Wave Flat structure. In further text we’re going to explain the forecast and Elliott Wave […]

GBPCAD Elliott wave view in shorter cycles suggests that the decline from 3/19/2018 high 1.8417 is unfolding as a Zigzag structure in intermediate wave (W) lower. The internals of a zigzag structure unfolds with sub-division of 5-3-5 wave structure when wave A & C consists of 5 waves structure, which can be labeled as impulse […]

NZDJPY Elliott Wave view in short-term cycles suggests that the bounce to 79.62 high ended Intermediate wave (X). Down from there, Intermediate wave (Y) remains in progress as a Zigzag Elliott Wave structure in which the first leg of the zigzag (Minor wave A) is unfolding as an impulse Elliott Wave structure looking to see another push lower before […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDCAD published in members area of the website. On April 20th, the pair broke 04/12 low and open further extension to the downside. Mentioned broke made cycle from the March 13th peak incomplete and the […]

Bank of Canada on Holding Cycle due to NAFTA’s Downside Risk Bank of Canada has signaled it’s not in a rush to pursue aggressive interest rate hikes. The Bank cited one of the reasons as NAFTA’s downside risk. With the U.S. threatening to withdraw from NAFTA, it could push up cost, prices, and hurt economic […]