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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Elliott Wave View: USDCHF Completing 5 Waves Impulse
Read MoreUSDCHF shows an incomplete impulse structure from 10.21.2022 high looking for more downside. This article and video look at the Elliott Wave path.
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The best trading strategy for Indian Rupees (USDINR) is still buying dips
Read MoreThe Indian rupee (USDINR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its […]
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Elliott Wave View: Larger Degree Rally in GBPAUD
Read MoreShort term Elliott Wave View in GBPAUD suggests the rally from 9.26.2022 low is unfolding as a zigzag Elliott Wave structure. Up from 9.26.2022 low, wave ((A)) ended at 1.8199 and pullback in wave ((B)) ended at 1.7456. Pair resumes higher again in wave ((C)) which subdivides into 5 waves impulse Elliott Wave structure in […]
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The Best Trading Hours in the Forex Market
Read MoreWhat is a Forex Market? The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging currencies. The Forex Market Basics Forex refers to foreign exchange and forex trading is about the exchange of currencies The forex market is essentially the global marketplace upon which all the exchanges of these […]
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Elliott Wave View: GBPJPY Doing Double Correction
Read MoreGBPJPY shows a 5 waves move from 11.23.2022 high looking for further downside. This article and video look at the Elliott Wave path.
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Elliott Wave View: GBPUSD Near Term Remains Bullish
Read MoreShort term Elliott Wave View in GBPUSD suggests that the cycle from 11.4.2022 low is unfolding as a zigzag Elliott Wave structure. Up from 11.4.2022 low, wave ((a)) ended at 1.2029. Pullback in wave ((b)) unfolded as a zigzag structure in lesser degree. Down from wave ((a)), wave (a) ended at 1.1789 and rally in […]