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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Elliott Wave Analysis: CADJPY within wave 5
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 88.48, Minor wave 2 ended at 89.63, Minor wave 3 ended at 83.824, and Minor wave 4 ended at 84.82. Minor wave 5 is currently in progress […]
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Elliott Wave View: DXY ending 5 waves decline
Read More$DXY US dollar Index Short-term Elliott Wave view suggests that the rally to February 09.2018 peak at 90.57 ended Primary wave ((4)) in a Flat correction. Down from 90.57 high the decline is unfolding as Elliott Wave Impulse Sequence, where each leg has an internal distribution of 5-3-5 structure thus favored being an Impulse sequence. The DXY has […]
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Elliott wave Analysis: USDJPY calling for more downside
Read MoreUSDJPY Short-term Elliott Wave view suggests that the rally to 110.48 high ended Intermediate wave (4) bounce on February 02.2018 peak. Below from there, the decline is unfolding as an Ending Diagonal Structure within Intermediate wave (5) lower. Where Minor wave 1 ended at 108.44 low as Zigzag structure, Minor wave 2 bounce ended at 109.77 in a Double three […]
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EURCAD: Buying The Dips Using Elliott Wave Sequences
Read MoreHello fellow traders. As our members know, we have traded EURCAD recently. The pair have had incomplete bullish sequences in the 4 Hour cycle,suggesting further rally. We advised our members to avoid selling the pair and keep on buying the dips in the sequences of 3,7,or 11 swings whenever there was an opportunity to do […]
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Elliott Wave Analysis: Calling the low in place in Bitcoin
Read MoreBitcoin ticker symbol: ( BTCUSD ) Short Term Elliott Wave view suggests that the decline from December 17.2017 peak to February 05.2018 low (5920.72) ended the Super Cycle wave “(b)” lower. Above from there, the rally is unfolding as a leading diagonal Elliott Wave structure. Where Intermediate wave (1) ended at 9090.8 high as Elliott Wave Double three structure. Where internals of Intermediate wave […]
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USDNOK Turns Lower From The Selling Area
Read MoreHello traders, in this blog I want to discuss with you a trade setup we advised to our members in our Live Trading Room. It was USDNOK. Let’s have a quick look at some past Elliott Wave charts of USDNOK we published in our member’s area of www.elliottwave-forecast.com. Our members know that USDNOK has an incomplete bearish sequence […]