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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Petroyuan Can Accelerate the De-Dollarization
Read MoreThe move away from Petrodollar In 1974, US President Richard Nixon and King Faisal from Saudi Arabia struck a deal. This deal gave birth to the petrodollar system which still lasts until this day. The deal involves Saudi Arabia selling oil to its largest buyer back then, the U.S. In turn, the U.S. provides Saudi Arabia with money, […]
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Ripple and XRP: The Future of Payments
Read MoreWhat is Ripple? Ripple provides global financial settlement solutions to ultimately enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV). Ripple solutions lower the total cost of settlement by enabling banks to transact directly, without correspondent banks, and with real-time certainty of settlement. Banks […]
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Why Bitcoin can pullback from $6100 – $6800?
Read MoreBitcoin continue it’s outstanding performance as it managed to breach the $6000 barrier this weekend, it currently up 200% from 07/16 low and with a total of 500% for this year. The rally from $1830 low is represented by 3 swings subdivided into 5 waves rally then 3 waves pullback followed by another 5 waves. This type of move […]
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USDJPY Elliott Wave View 10.20.2017
Read MoreUSDJPY Short term Elliott Wave view suggest that the decline to 111.61 ended intermediate wave (X) on October 16 low. Up from there intermediate wave (Y) is in progress as a double three Elliott wave Structure and pair has managed to break the 10/06 peak (113.43) suggesting that next extension higher has started. The cycle from […]
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AUDUSD Short Term Elliott Wave Analysis 10.20.2017
Read MoreAUDUSD Short Term Elliott Wave view suggests that the decline to 0.7731 ended Primary wave ((W)) on October 6th low. Primary wave ((X)) is currently in progress as a double three Elliott Wave structure. Up from 0.7731, Intermediate Wave (W) of ((X)) ended at 0.7807 and decline to 0.7815 ended Intermediate wave (X) of ((X)). […]
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AUDUSD Intra Day Elliott Wave Analysis
Read MoreAUDUSD Short Term Elliott Wave view suggests that Primary wave ((W)) ended at 0.7731 on October 6th low. Up from there, Primary wave ((X)) is currently unfolding as a double three Elliott Wave structure. Intermediate Wave (W) of ((X)) ended at 0.7807 and Intermediate wave (X) of ((X)) ended at 0.7815. Near term, while pullbacks […]