GBPUSD spent a lot of time consolidating between 1.6842 – 1.6758 before breaking higher. Let’s take a look at some Elliott Wave Analysis charts from members area to see how pair hit equal legs target @ 1.6767 offering a buying opportunity. 4.22.2014 Mid-day NY update   4.23.2014 NY update   4.23.2014 Mid-day NY update   […]

Break of 0.8227 low opens another extension lower in the pair and 0.8310 becomes wave (( x )). Preferred Elliott wave count is that wave (( a )) has almost completed and wave (( b )) bounce is now expected to fail below the trend line for continuation lower toward 0.8105 – 0.8142 region. We […]

Recovery from 1.4468 low is still in progress. 1.4828 was the end of wave A and dip to 1.4630 was wave B. Pair can reach as high as 1.4864 – 1.4879 to complete wave (( a )) before we get a pull back in wave (( b )) and higher again. We don’t like selling […]

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 […]