Preferred Elliott wave view is that pair is dropping in a corrective manner from 96.51 high. Initial drop to 94.96 was wave (( w )), recovery to 96.22 was wave (( x )) and pair is currently in wave (( y )). We have already seen waves (( a )) and (( b )) of […]

In this video, we take a look at zig-zag structure and equal legs. GBPUSD move up from 1.6456 is in 3 waves, dip to 1.6550 was wave (( b )) and pair is now looking for equal legs (1.6779) – 1.236 ext (1.6833) area where we expect the current cycle to end and a 3 […]

Since April 2/2014 we were expecting a bounce after the dip. Take a look at some charts from members area below and see how we forecasted Elliott wave structure in NZDUSD pair.   NZDUSD April 2/2014 (Asia Update)   NZDUSD April 3/2014 (New York Update)   NZDUSD April 4/2014 (London Update)   NZDUSD April 5/2014 […]

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Preferred Elliott wave view is that mid-term peak has formed at 1.5123, wave A completed @ 1.4464 and wave B  in progress toward 1.4750 – 1.4792 area from where the decline should resume. Rally from 1.4463 – 1.4648 consisted of 7 swings and completed wave (( a )) of B. Pair has already tested 50% […]

Pair has been trading lower after a test of 0.8400 which we believe completed wave A (cycle from 0.8153 low). Decline so far is in 3 waves so it’s a corrective decline just like the previous updates had been reflecting. Reaction off today’s low suggests wave (( a )) is in place and pair is […]