Short 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 […]

From 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 […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD.  The pair has given us nice trading opportunity recently.  We have been selling the rallies at 1.3298-1.3348  area as explained in previous article on GBPUSD . Reasons for calling further weakness in pair are […]

EURJPY has rallied 1300+ pips during three weeks of March. It found a low at 124.39 on March 7, 2022 and reached a high of 137.54 on March 28, 2022. This equates to 10.57% gain within just three weeks. It seems to have ended a cycle from March 7, 2022 low and pulling back. In […]

DXY has started a new leg higher and rally from March 30 low looks impulsive favoring more upside. This article and video look at the Elliott Wave path.

The U.S. and its allies have administered economic and financial sanction to Russia as a result of the invasion to Ukraine. As part of this comprehensive sanction, US and its allies barred some of Russia’s banks from the SWIFT international payment system. Moreover, the Western countries have frozen most of $630 billion Russian Central Bank’s […]