Brexit Transition Period Agreement Breakthrough Yesterday the UK has struck a deal with the EU to the Brexit transition period.  The transition period is the 21 month period which starts from 29 March 2019 (official Brexit day) to 31 December 2020. UK Prime Minister Theresa May likes to call this period an implementation phase. This […]

$USDCHF Elliott Wave view suggests that the rally from 3.5.2018 low (0.9336) is unfolding as a double three Elliott Wave structure where Minor wave W ended at 0.9535. Below from here, Minor wave X ended at 0.942 and the internal subdivision unfolded as a smaller degree double three Elliott Wave structure. Down from 0.9535, Minute wave […]

$CADJPY Elliott Wave view suggests that the decline from 1.5.2018 high (91.58) is unfolding as a 5 waves impulse Elliott Wave structure. Minor wave 3 of this impulsive move ended at 81.36 on 3.5.2018 and Minor wave 4 ended at 83.51 on 3.12.2018. While bounces stay below 83.51, pair now has scope to extend lower to […]

In this blog, we will take a look at CADJPY Elliott Wave View in the short-term. Rally from 81.36 (3/5/2018) to 83.51 (3/11/2018) was a double zig-zag Elliott wave structure where wave ((w))was sub-divided as (a)-(b)-(c) and ended at 82.56, wave ((x)) ended at 81.39 and wave ((y)) was also sub-divided as (a)-(b)-(c) and completed […]

USDCAD Short Term Elliott Wave view suggests the rally from 1/31 low (1.2247) remains in progress as a triple three Elliott Wave Structure. A triple three is labelled as WXYZ and each leg in this structure is corrective, so we have 3-3-3-3-3 structure. Up from 1.2247, Intermediate wave (W) ended at 1.2689, Intermediate wave (X) […]

Hello fellow traders.  Another pair we have traded lately is AUDCAD. As our members know, AUDCAD is having incomplete bullish sequences in the 1 Hour cycle and suggesting further rally. Due to incomplete structure the pair is targeting 1.0212+ area according to Sequence Report.  Consequently, we advised clients to avoid selling the pair and keep […]