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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Buyers are still in Control on Renminbi (USDCNH)
Read MoreIn the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 as wave ((III)) and from there it made a perfect zig – zag correction structure to equal legs at 7.1964 high in September 2019. After these 3 swings, USDCNH […]
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Elliott Wave View Looking for Dollar Index (DXY) to Rollover to the Downside
Read MoreDollar Index (DXY) ended cycle from 9.27.2024 low and can see further downside. This article and video look at the Elliott Wave path.
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Indian Rupees (USDINR) is a Buying after 3, 7 or 11 Swings Correction
Read MoreThe Indian rupee (USDINR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. Quarterly USDINR Log Chart December 2022 In the quarterly log chart, we could see USDINR is building an impulse since 1970. Wave […]
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Elliott Wave View: CADJPY Has Reached Area Where Pullback can Happen
Read MoreCADJPY has reached the extreme area from August 2024 low suggesting a turn lower is near. This article and video look at the Elliott Wave path.
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GBPUSD Elliott Wave Double Three Correction in Progress
Read MoreGBPUSD correction is in progress as a double three Elliott Wave structure. This article and video look at the Elliott Wave path of the pair.
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AUDUSD Elliott Wave Analysis: short term favors downside from bounces
Read MoreHello traders, welcome to a new Forex blog post. In this one, we will discuss AUDUSD short-term Elliott wave analysis. We believe the forex pair is still within a bearish corrective cycle from late September 2024. Thus, the current minor bounce should fail at some point, leading to a further intraday sell-off. From the perspective […]