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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USDCAD Is Showing Reaction From The Blue Box Area
Read MoreHello fellow traders. USDCAD has given us another trading opportunity recently. As our members know, we’ve been favoring the long side in USDCAD and buying the dips in 3,7,11 swings. Reason for expecting further rally is incomplete bullish structure the pair is showing in the weekly cycle from the 05.30. low . In this technical […]
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CHFJPY – Taking Advantage of Weakening Yen
Read MoreWe saw a surge in the market in CHFJPY last week. First time since 2007, SNB have increased their interest rate by 50 basis points. This occurred as soon as the FED raised their interest rates. Therefore, the next step was us to wait for a 3 or a 7 swing correction. A good way […]
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Elliott Wave View: GBPJPY Correction Can Extend
Read MoreShort term Elliott Wave in GBPJPY suggests cycle from 12/3/2021 low has ended as wave ((1)) with the rally to 168.7. Wave ((2)) pullback is currently in progress to correct cycle from December 2021 low. Internal subdivision of wave ((2)) is unfolding as a double three Elliott Wave structure. Down from wave ((1)), wave A […]
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USDNOK – Dollar Sees a Reaction from Blue Box
Read MoreWe have been pretty bullish on the USDNOK throughout the year and Dollar has more strength to come to support this pair. Recently, we posted a trade idea on USDNOK that the market was correcting in a 3 or 7 swing structure and we took advantage of this. This has been a pretty successful trade […]
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Elliott Wave View: EURUSD 7 Swing Rally
Read MoreEURUSD shows a 7 swing rally from 6/16/2022 low before pair resumes lower. This article and video look at the Elliott Wave path.
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How We Saw Algorand Cryptocyrrency (ALGO) And What To Expect
Read MoreAlgorand is a proof-of-stake blockchain cryptocurrency protocol. Algorand’s native cryptocurrency is called ALGO. It was founded in 2017 by Silvio Micali, a professor at MIT, composed of a company and a foundation. Algorand Foundation manages ecosystem growth, award funding, cryptographic research primitives, on-chain governance, and decentralization of the Algorand network, including nodes. The core development […]