This is an Elliott Wave Analysis video update on $AUD/NZD. This pair is not part of the 42 instrument we cover. If you are interested to learn more about Elliott Wave or how we can help you, click to join FREE 14 days trial. Follow 4 Hour Elliott Wave chart update for this pair @cmellon1976    

Triangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences. This pattern presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. Triangle is continuation pattern which breaks in direction of the preceding move. It could […]

Wave ((w)) decline from 97.16 is unfolding in a double three structure (w)-(x)-(y) where wave (w) ended at 95.35, wave (x) ended at 96.04, and wave (y) is in progress towards 93.84 – 94.26 to complete wave ((w)). From this area, the pair is expected to bounce in wave ((x)) before resuming lower again. We don’t […]

Decline to 89.19 completed wave (W), and pair has since bounced in wave (X) from this level. Short term Elliott Wave view suggests wave (X) bounce is unfolding in a double corrective structure W-X-Y where wave W ended at 92.43, and wave X is in progress towards 90.44 – 90.83. Once wave X is complete, the pair has a scope to […]

This is an Elliott Wave Analysis video update on $EUR/CAD. This pair is not part of the 42 instrument we cover. If you are interested to learn more about Elliott Wave or how we can help you, click to join FREE 14 days trial. Follow 4 Hour Elliott Wave chart update for this pair @cmellon1976

Decline to 89.14 completed wave (W), and pair has since bounced in wave (X) from this level. Short term Elliott Wave view suggests wave (X) bounce is unfolding in a double corrective structure W-X-Y where wave W ended at 92.43 and wave X ended at 90.98. As far as 90.98 holds and more importantly 89.14 holds, pair has a scope towards […]