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: USDCAD Opens Bullish Extension
Read MoreUSDCAD shows bullish sequence from October 21 low favoring more upside. This article and video look at the Elliott Wave path.
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Elliott Wave View: Rally in Nifty Expected to Fail
Read MoreNifty is correcting cycle from October 19 peak and can see sellers soon. This article and video look at the Elliott Wave path.
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Elliott Wave View: AUDUSD Corrective Zigzag Rally in Progress
Read MoreAUDUSD ended cycle from October 29, 2021 peak and now correcting that cycle before turning lower. This article & video look at the Elliott Wave path.
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Renminbi Should Continue To Appreciate Against USD In Long Term
Read MoreIn the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. On February 2014, renminbi found support at 6.0153 and from there it made a perfect zig – zag correction structure to the equal legs 7.1964 in June 2020. After that, the USDCNH continue with the downtrend. Renminbi […]
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AUDUSD Shows Bearish Sequence
Read MoreCommodity currencies have been in the decline this year against US Dollar as a result of market’s expectation of the Fed’s rate hiking cycle. A falling Australian Dollar will make imported products more expensive, resulting in price increase and adding to existing inflationary pressure. The higher the inflation rate, the faster the Reserve Bank of […]
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Elliott Wave View: CADJPY Looking to Find Support
Read MoreCADJPY cycle from October 21 peak is in progress but close to completion. This article and video look at the Elliott Wave path.