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 […]

USDX Elliott Wave view in short-term cycle suggests that the decline to 89.22 low on 4.17.2018 ended as a Zigzag correction in Intermediate wave (B). Above from there, the rally is unfolding as 5 waves Impulse Elliottwave structure looking to extend higher 1 more leg in Minor wave 5 at least before ending the 5 waves structure. Above […]

In this Blog, we will have a look at the bigger picture of EURUSD pair. One of the reasons why retail traders fail in trading is because they stick to one time frame, analyse that and trade that accordingly. However, traders with this approach will not last long in this business. One of the key elements […]