Kiwi ($NZDUSD) is approaching an area where sellers would be booking profits and buyers could appear. Keep an eye on 0.8210 – 0.8254 region from where pair should bounce and attempt to break above descending trend line on 15 minute chart. [jwplayer mediaid=”127123″]

Wave B has completed @ 1.4641 which exposes equal legs @ 1.4298. Wave (( a )) of C can reach 1.4359 before we get a pull back in wave (( b )). Hour cycles are positive in the pair but  we don’t like buying into proposed wave (( b )) pullback.

Wave ( b ) is taking the form of a triangle and appears to have completed @ 1.4225.   Expect a test of 1.4048 to complete a cycle from 1.4560 and a corrective bounce in the pair. Hourly cycles are negative so we don’t like buying the pair even after wave A has completed unless […]

Pair has broken below 1.4188 to confirm the end of wave ( B ) @ 1.4560. A cycle from 1.4400 is coming to an end, pair should make a pullback and trade lower again toward 1.4048 to complete wave A of ( C ). Hourly cycles are negative so we don’t like buying the pair […]

Let’s take a look at the Weekly Market Overview presented to clients on 6 October 2013. We discuss the key Elliott wave structures and trade setups that we like for week ahead based on the Elliott wave analysis.   Weekly Market Overview 10.6.2013   11:50 AM EDT USDX Group: EURUSD  is showing 7 swings higher from […]

Daily Technical Video from 10.7.2013 when we called for a rally in $USDJPY from 96.52, $GBPJPY to make marginal new lows toward 155.21 area and rally and $SPX500 to test 1651 (76.4 fib) and resume the rally. EWF clients trade on right side of the market, so can you. [jwplayer mediaid=”121636″]