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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Where is Euro going next?
Read MoreThe combination of commodity selloff, prospect for more U.S. Dollar interest rate hikes, and Emerging Market capital outflow has put pressure in risky assets to start 2016. In this environment, USD performance is mixed: rising against commodity-linked and Emerging Market currencies, but not doing as well against Developed Market surplus currencies. Current dynamics in fact […]
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$USDCAD Short Term Elliott Wave Analysis 01.15.2016
Read MoreShort term Elliott Wave cycle suggests rally from wave (X) low at 1.38 is unfolding in a double three structure where wave W ended at 1.417, wave X ended at 1.406, and pair has resumed higher in wave Y towards 1.44 area or higher. Near term, rally to 1.431 ended wave ((w)), wave ((x)) pullback ended […]
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$GBPUSD – Live Trading Room Trading Plan
Read MoreHere is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily at 8:00 AM EST , join Dan there for more insight into these proven methods of trading. GBP/USD Live Trading […]
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$USDCAD Short Term Elliott Wave Analysis 01.14.2016
Read MoreShort term Elliott Wave cycle suggests rally from wave (X) low at 1.38 is unfolding in a double three structure where wave W ended at 1.417, wave X ended at 1.406, and pair has resumed higher in wave Y towards 1.44 area. Near term, rally to 1.431 ended wave ((w)), wave ((x)) pullback is proposed complete […]
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$EURUSD and German $DAX
Read MoreWe have 3 important news events for US Dollar on Friday 01.15.2016 at 8:30 AM EST/ 1:30 PM GMT (UK Time) which are hopefully going to make some movements in the market. -Core Retail Sales -Producer Price Index (PPI) -Retail Sales These Fundamentals are released once a month , and they usually bring some volatility into USD […]
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$USDCAD Short Term Elliott Wave Analysis 01.13.2016
Read MoreShort term Elliott Wave cycle suggests rally from wave (X) low at 1.38 is unfolding in a double three structure where wave W ended at 1.417, wave X ended at 1.406, and pair has resumed higher in wave Y towards 1.44 area. Near term, rally to 1.431 ended wave ((w)), wave ((x)) pullback is proposed complete […]