In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NZDJPY. In which, the rally from 24 March 2023 low unfolded as an impulse sequence and showed a higher high sequence. Therefore, we knew that the structure in NZDJPY is incomplete to the upside & should extend higher. So, […]
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Trades from 3.26.2012 to 4.19.12
Read MoreDATE (MM.DD.YYYY)CURRENCYPOSITIONLIMIT/STOPRESULT 3/26/2012 USDNOK 5.765 5.6925/5.7650 (Revised) +122 (725) 3/26/2012 EURGBP 0.8358 0.839/.8358 (Revised) 32 3/27/2012 USDCAD 0.9905 0.9997/.9905 (Revised) 92 3/27/2012 NZDUSD 0.825 .8218 / 8165/.8250 (Revised) 58.5 3/28/2012 EURUSD 1.3307 Open/1.3307 (Revised) 0 3/28/2012 AUDUSD 1.0368 1.0445/1.0354 -14 3/29/2012 NZDUSD .8179 (Market) 0.8149/.8179 (Revised) 30 3/29/2012 EURUSD 1.3350 (Market) 1.32/1.3350 (Revised) 0 3/29/2012 […]
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Daily Technical Video for 7.24.2012
Read MoreRevisiting our Daily Technical Video for 7.24.2012 in which we explained why we favored the idea of a Risk Rally this week and what pairs we looked at to arrive at the conclusion that correction in risk from 6.4 low was not over.
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EWF 7.19.2012
Read MoreAsian / European Preview 7.18.2012 9.55 PM EDT Good Evening Fellow Traders There is no change in our outlook and we are still viewing the pullback in USDX, EURUSD ,USDNOK and USDCHF as a wave ((iv)) or wave ((x)) from 17th June low/high. Its too early to tell whether the strcture from 17 June high/low […]
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EWF Daily technical video 7.13.2012
Read MoreUS Dollar Group: EURUSD decline from 1.2692 is unfolding as an impulse and we have already seen 3 waves down. Wave (iv) completed @ 1.2334 and a new low is required to complete a cycle from 1.2334 and 5 down from 1.2692. Expect a 3 wave pullback after that which can reach as high as 1.2400 – […]