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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Will NFP help US Dollar break out higher?
Read MoreUS Dollar Bulls: Don’t Run before you Walk! US Dollar has been trending higher since making marginal new lows in the daily chart on 8.24.2015. It is also closing in on 8.7.2015 peak, a break above that and the only hurdle left to break out higher would be 3.13.2015 peak. We keep hearing that FED could […]
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EURCAD Short Term Elliott Wave Analysis 11.05.2015
Read MoreShort term Elliott Wave view suggests decline to 1.4439 ended wave (w) and bounce to 1.4668 ended wave (x) as a FLAT. Pair has since resumed in wave (y) lower with the internals unfolding as a triple three, where wave w ended at 1.4374, wave x ended at 1.455, wave y ended at 1.4247, and second […]
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EURCAD Short Term Elliott Wave Analysis 11.04.2015
Read MoreShort term Elliott Wave view suggests decline to 1.4439 ended wave (w) and bounce to 1.4668 ended wave (x) as a FLAT. Pair has since resumed in wave (y) lower with the internals unfolding as a double correction. The first leg of the decline wave (a) ended at 1.4374, wave (b) bounce ended at 1.455, […]
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EURCAD Short Term Elliott Wave Analysis 11.03.2015
Read MoreShort term Elliott Wave view suggests decline to 1.4439 ended wave (w) and bounce to 1.4668 ended wave (x) as a FLAT. Pair has since resumed in wave (y) lower with the internals unfolding as a double correction. The first leg of the decline wave (a) ended at 1.4374, wave (b) bounce ended at 1.455, […]
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EURCAD Short Term Elliott Wave Analysis 10.29.2015
Read MoreShort term Elliott Wave view suggests decline to 1.4439 ended wave (w) and bounce to 1.4668 ended wave (x) as a FLAT. Pair has since resumed in wave (y) lower with the internals unfolding as a zigzag. The first leg of the decline wave (a) is in progress as 5 waves. From 1.4668 high, the […]
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EURAUD Short Term Elliott Wave Update 10.28.2015
Read MoreRevised short term Elliott wave view suggests decline to 1.515 ended wave (X)) and pair has resumed the rally. Wave ((w)) is unfolding in a double three structure where wave (w) ended at 1.5378, wave (x) ended at 1.532, and wave (y) is in progress towards 1.5532 – 1.5582 before a 3 waves pullback. Near term, pair […]