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: AVAX Should Extend Higher
Read MoreAVAX (Avalanche) is one the top cryptocurrency having market cap around $25.9B. In cryptocurrency segment, it is ranked 11th by market cap having current price at around $106.1. Since June-2021 low, it rises more than 10 fold in the price, which shows the tremendous strength & trend in past few months. Since September-2020, AVAX (AVAXUSDT […]
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Elliott Wave View: USDCAD Shows Bullish Sequence
Read MoreThe Fed has indicated that they plan to continue to taper and start raising interest rates from near zero to curb the strongest inflation in four decades. A hawkish Fed, if followed through in action, may support in USD at least in the short term. USDCAD Daily Chart $USDCAD Daily Chart above shows an incomplete […]
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Elliott Wave View: AUDUSD Approaching Inflection Area
Read MoreAUDUSD shows an incomplete sequence from February 25, 2021 high favoring more downside. This article and video look at the Elliott Wave path.
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Elliott Wave View: Bitcoin (BTCUSD) Looking to Extend Higher
Read MoreBitcoin (BTCUSD) rallies as an impulse from December 4 low favoring more upside. This article and video look at the Elliott wave path.
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NZDUSD Bearish Sequence Favors More Downside
Read MoreNZDUSD shows incomplete lower low sequence from February 25, 2021 peak favoring more downside. Below is the daily chart of NZDUSD showing the incomplete bearish sequence NZDUSD Daily Elliott Wave Chart The Daily Chart of NZDUSD above shows a possible 100% – 161.8% Fibonacci extension target from February 25, 2021 peak towards 0.615 – 0.656. […]
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GBPUSD Flat Correction Can Reach Another Blue Box Area
Read MoreGBPUSD is correcting the cycle from October 20, 2021, high & can reach another blue box area. This article and video look at the Elliott Wave path.