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, […]
-
Elliott Wave Analysis: EURJPY Calling the Decline
Read MoreIn this short blog, we will have a look at a past Elliott wave short-term structures of the EURJPY presented to members last month. In the chart below, you can see the 1 hour new York midday update presented to members on the 02/26/18. Calling for a double correction in Minor Red W-X-Y. EURJPY shorter […]
-
Elliott Wave Analysis: USDJPY Correction Should Fail Below 107.9
Read MoreShort Term USDJPY Elliott Wave view suggests that the rally to 107.9 ended Minor wave X. Pair is expected to resume lower while bounces stay below this level. Down from Minor wave X at 107.91, Minor wave Y is in progress as a double three Elliott Wave Structure. Minute wave ((w)) of Y ended at 105.23 […]
-
GBPCAD: Forecasting the rally after Flat
Read MoreHello fellow traders. In this technical blog we’re going to take a look at the past Elliott Wave charts of GBPCAD published in members area of the website. As our members know, GBPCAD have had incomplete bullish sequences in the 1 Hour cycle, suggesting further rally. Consequently, we advised clients to avoid selling the pair […]
-
US Dollar at the Start of Multi-Year Downtrend
Read MoreSince the US Dollar trades freely in the 1970s, on average it has rallied and declined in a period of 7.5 years. The chart below shows short term and long term US Dollar cycle: Short Term and Long Term US Dollar Cycle From the chart above, we can see that since 1970s, the cycle in […]
-
CADJPY Elliott Wave Analysis: Correction Expected Before Lower Again
Read MoreShort Term CADJPY Elliott Wave view suggests that the decline from 1/5/2018 high (91.58) is unfolding as an impulse Elliott Wave Structure where Minor wave 1 ended at 87.785, Minor wave 2 ended at 89.439, Minor wave 3 ended at 84.468, and Minor wave 4 ended at 85.24. Minor wave 5 remains in progress as […]
-
AUDNZD Selling the Elliott Wave bounces
Read MoreIn this Technical blog, we are going to take a quick look at the past Elliott wave chart performance of AUDNZD. Which we presented to our clients. We are going to explain the structure and the forecast. As our members know, we were pointing out that AUDNZD is having lower low bearish sequence from October 24.2017 peak. We advised […]