Pair is bouncing from 76.4 fib of wave ( D ) @ 96.92. Marginal new lows to 96.78 could still be seen before pair turns higher. Cycle is very close to ending and bounce can happen at any moment. We don’t like chasing weakness in the pair as hourly cycles remain positive and like the […]

Break of 97.44 suggests wave ( 4 ) is not over yet. Expect a test of 96.92 as the next level to look for longs in the pair. We don’t like chasing weakness in the pair as strategy remains to buy the dips in 3, 7 and 11 swings. If you would like to receive […]

Let’s take a look at Elliott Wave analysis in 1 hour time frame from members area which shows AUDUSD  dropping to equal legs and then a bounce as expected.   Before   After   If you would like to receive frequent , timely updates, stay on top of changes in short-term wave structure and be […]

Daily Technical Video from 9.17.2013 for our clients in which we talked about what the market should do following FOMC release [jwplayer mediaid=”116244″]

USDJPY remains in a sideways consolidation with a bullish bias. This sideways consolidation can play out in a number of different ways as far as Elliott wave patterns go but strategy remains to look to buy the dips rather than selling rallies. Timing cycles are calling for a low on 10.4.2013 [jwplayer mediaid=”115138″]

Pair found strong support in EWF buy zone of 1.3020 – 1.3102 and has never looked back since. Most of the members were able to get good positions and some of them are still holding those longs. Against the majority, we treated 5 wave decline from 1.3453 – 1.3102 as part of a FLAT correction […]