Since 2011 AUDUSD is on a corrective WXYZ Elliott Wave structure on the weekly chart. On the bigger time frames (Weekly, Daily and 4h) AUDUSD has been moving on a clear down trend. So to enter a trade you must ask yourself, which side would you trade this pair. Would you BUY or SELL it? […]

One of the ways to determinate end of corrections(potential reversal areas) is by using Fibonacci retracement levels in your analysis approach . In this blog, we’re going to explain some basic things about Fibonacci retracements. Fibonacci retracement is a popular tool among Elliott Wave practitioners and is based on the key founded by mathematician Leonardo Fibonacci. The most important […]

Best reading of Elliott wave cycles suggests decline from 0.7914 ((X)) high is taking the form of a triple three structure. Triple three is an 11 swing structure labelled here as ((w))-((x))-((y))-((z)). Drop to 0.7748 completed wave ((w)), recovery to 0.7860 was wave ((x)), dip to 0.7696 was wave ((y)) and 2nd wave ((x)) is considered completed […]

USDJPY pair made a sharp move to the upside after US Non-Farm payrolls report last Friday. Financial media would make traders think that up move happened because of NFP whereas in reality, the move had nothing to do with NFP. It was a very technical move and we forecasted this before the move happened. Let’s […]

AUDUSD is showing 7 swings down from 0.7914 high. Area between 0.7694 – 0.7655 is expected to complete 7 swings but our Elliott wave cycle studies and market correlation is suggesting that decline from 0.7914 high is likely to take the form of a triple three Elliott wave structure. Still we would expect to see […]

GBPAUD best reading of shorter cycles suggests pair is in a WXY (7 swing Elliott Wave structure) from 2/12 peak. Decline from 2.0028 – 1.9568 was in 3 waves which was followed by a recovery to fail below the high and a move lower again. We have labelled the move to 1.9951 high as wave […]