USDJPY 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 […]

AUDUSD 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)). […]

AUDUSD 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 […]

AUDUSD Elliott Wave structure suggests that the decline to 0.7731 on October 6th low ended Primary wave ((W)). From there, Primary wave ((X)) bounce is unfolding as a double three Elliott Wave structure. Rally to 0.7807 ended Intermediate wave (W) of ((X)) and pullback to 0.7815 ended Intermediate wave (X) of ((X)). A break above Intermediate wave […]

AUDUSD Short term Elliott Wave analysis suggests decline to 0.7731 ended Primary wave ((W)) on 10/6 low. Bounce in Primary wave ((X)) is proposed to be unfolding as a double three Elliott Wave structure. Intermediate wave (W) of ((X)) ended at 0.7897 and Intermediate wave (X) of ((X)) pullback is in progress as a zigzag Elliott Wave structure. […]

In 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% […]