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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Rate Hike Expectation May Support Poundsterling
Read MoreIn the aftermath of Brexit vote, Bank of England (BOE) had cut the cost of borrowing to a new record low of 0.25% in order to support the economy. At the same time, Poundsterling slumped against other major currencies due to the economic uncertainty. Sterling is currently worth 14% less against the Euro and 10% […]
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NZDUSD Short-term Elliott Wave Analysis
Read MoreNZDUSD Short term Elliott Wave view suggests the decline from 9/20 peak remains in progress a zigzag Elliott Wave structure. Down from 9/20 high (0.7434), pair ended Minor wave A at 0.7165. Subdivision of Minor wave A unfolded as 5 waves impulse where Minute wave ((i)) of A ended at 0.7276 and bounce to 0.7362 ended Minute […]
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EURUSD Intra-Day Elliott Wave Analysis
Read MoreEURUSD Intra-Day Elliott Wave view suggests the decline from 9/8 peak remains in progress as an expanded Flat Elliott Wave structure. Down from 9/8 high (1.2094), pair ended Intermediate wave (A) at 1.837. Bounce to 1.2034 ended Intermediate wave (B). Intermediate wave (C) remains in progress and unfolding as 5 waves impulse where Minor wave 1 of […]
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GBPAUD Elliott Wave View: Showing Impulse
Read MoreShort term GBPAUD Elliott wave view suggest that the rally to 1.7182 on 9/28 peak ended the intermediate wave (W). Decline from there is unfolding as an impulse Elliott Wave structure with extension. This 5 waves move should end Minor wave A of an Elliott wave zigzag structure structure or a wave C of a FLAT correction from 9/22 peak (1.7165). In either case, after […]
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CADJPY Forecasting the Rally using Swings Sequences
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of CADJPY published in members area of www.elliottwave-forecast.com. In further text we’re going to count the swings, explain the Elliott Wave view and trading strategy. Let’s start with 4 hour update. CADJPY Elliott Wave 4 Hour […]
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EURUSD Elliott Wave Analysis 10.5.2017
Read MoreEURUSD Short Term Elliott Wave structure suggests the decline from 9/8 peak is in progress as an expanded Flat Elliott Wave structure. From 9/8 high (1.2094), pair declined to 1.837 and ended Intermediate wave (A). Pair then bounced to 1.2034 and ended Intermediate wave (B). At present, Intermediate wave (C) remains in progress as 5 […]