USDCAD decline from 1.0960 stalled @ equal legs which we believe completed wave A of ( C ). Since then, pair has been trading sideways making marginal new highs and lows. We believe pair is doing an irregular wave B when 3 wave move up from 1.0837 – 1.0870 was wave (( a )) of […]

NZDUSD has been moving higher against USD for the last few days. Yesterday (11 June 2014), pair made a spike lower followed by a sharp move to the upside and then we heard people saying it was due to the rate decision from the Bank of New Zealand (and we still don’t know what they […]

As we can see on AUDUSD 90 min chart pair has been in a sideways consolidation since 0.9198 low (5.2.2014). We believe FLAT structure is in progress which started from 0.9198. To be more precise we are currently in wave C of FLAT. Wave C has taken form of Ending Diagonal and we are nearing […]

Short term view is that wave ( A ) can reach as high as 95.95 before we get a pull back in wave ( B ) and higher again. We don’t like selling the pair in proposed wave ( B ) pull back and like pair trading higher after completing wave ( B ) pull […]

Short term view is that wave ( A ) can reach as high as 95.95 before we get a pull back in wave ( B ) and higher again. We don’t like selling the pair in proposed wave ( B ) pull back and like pair trading higher after completing wave ( B ) pull […]

At EWF, we don’t pay attention to news & fundamentals and believe market is purely technical. EURUSD formed a high @ 1.3993 on 5.8.2014 on the day of last ECB meeting. Members knew ahead of the meeting that EURUSD was expected to form an intermediate peak between 1.3970 – 1.4045. Tomorrow is the next meeting […]