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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NZDJPY: Bullish Sequence and Trading Strategy
Read MoreIn this blog, we will look at the strong rally in NZDJPY which took place this year, talk about the sequence, what it means for the pair and also what our trading strategy is going forward. We will look at a sequence chart and also a chart showing the extreme area down from April 20, […]
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Elliott Wave View: AUDUSD Rally is Likely Just a Counter Trend
Read MoreAUDUSD ended cycle from April 5 and now rallying to correct that cycle. This article and video look at the Elliott Wave path.
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Elliott Wave View: CADJPY Zigzag Correction
Read MoreCADJPY is correcting cycle from December 2021 low in a zigzag. This article and video look at the short term Elliott Wave path.
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Elliott Wave View: Dollar Index (DXY) Should Continue to Extend Higher
Read MoreDollar Index (DXY) shows a 5 waves impulse structure from March 30 low favoring more upside. This article and video look at the Elliott Wave path.
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Elliott Wave View : GBPJPY Expect Short Term Upside
Read MoreShort term Elliott Wave view in GBPJPY suggest that it can rally higher towards 165.99 – 168.15 area to end wave 5 of (5) before start correcting lower in 3, 7 or 11 swings, while dips remain above 164.00 low of wave 4. The pair is currently within wave (5) of impulse, started from 3/29/2022 […]
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Best Forex Currency Pairs to Trade in 2024
Read MoreFrom Sunday evening through Friday night, the currency market is open 24 hours a day, taking advantage of the international time zone disparities between London, Tokyo, and New York. Because currency traders can open and cancel positions at any time of the day without other markets’ constraints, forex market hours are considered more flexible. There […]