USDNOK Short Term Elliott wave cycles suggests that rally to 8.641 ended wave 3 and wave 4 pullback is in progress to correct cycle from 11/7 low (8.135) before turning higher. Internal structure of wave 4 is unfolding in a double three where wave ((w)) ended at 8.501 and wave ((x)) ended at 8.592. Near term, while USDNOK stays […]

The video below is a short capture from the NY Live Analysis Session held on November 8th by EWF Founder & Chief Currency Strategist Eric Morera. Eric presented Elliott Wave count of $USDCAD suggesting potential double in wave ((x)) pull back toward 1.2363-1.3226 before further rally takes place.  Back then, $USDCAD was showing incomplete swings […]

AUDJPY Short Term Elliott wave cycles suggests that decline to 76.75 ended wave (X). Rally from there is unfolding as double three where wave W ended at 82.46 and wave X ended at 80.23. Wave (Y) is currently in progress with the internal structure as a zigzag where wave (a) is proposed complete at 82.59. Near term, expect […]

AUDJPY Short Term Elliott wave cycles suggests that decline to 76.75 ended wave (X). Rally from there is unfolding as double three where wave W ended at 82.46 and wave X ended at 80.23. Near term, AUDJPY is expected to correct the rally from 80.23 low, and correction is expected to complete at 80.9 – 81.11 area (50 – […]

EURAUD Short Term Elliott wave cycles suggests that decline to 1.418 ended wave W and bounce to 1.4885 ended wave X. Decline from there is unfolding as a double three where wave (w) ended at 1.407. Wave (x) bounce is in progress in 3, 7, or 11 swing to correct cycle from 11/9 peak (1.4885) before turning lower. […]

Short Term Elliott wave cycles suggests that decline to 1.418 ended wave W and bounce to 1.4885 ended wave X. Decline from there is unfolding as a zigzag where wave (a) is in progress as 5 waves and a marginal low is expected to end wave (a) before cycle from 1.4885 ends. Afterwards, expect a wave (b) bounce […]