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: EURUSD Should Continue Lower
Read MoreEURUSD shows an impulse structure from May 2021 peak and looking for further downside. This article and video look at the Elliott Wave path.
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Ethereum (ETHUSD) Forecasting The Rally Following Corrective Pullback
Read MoreETHUSD ended cycle from June 22, 2021 ($1700) low at September 3, 2021 (4025) peak and started pulling back. Rally from June 22, 2021 low was in 5 waves and hence we expected the pull back to hold above June 22, 2021 low for extension higher. We told members that pull back was a buying […]
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USDCAD Elliott wave View: Entering Into A Wave Five Lower
Read MoreUSDCAD decline from September 20 high is unfolding as an impulse and can see further downside. This article and video look at the Elliott Wave path.
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Elliott Wave View: GBPUSD Looking to End Zigzag Rally
Read MoreGBPUSD cycle from Sept 30, 2021 low is in progress as a zigzag and pair is about to end the structure. This article and video look at the Elliott Wave path.
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Have Yen Pairs Started the Next Leg Higher?
Read MoreAn overlay of Yen pairs below show that they clearly share the same cycle. The chart above shows that all Yen pairs made major low on March 18, 2020. From there, they all rally together. In the past two weeks, we have seen several Yen pairs breaking to new high above May 2021 high suggesting […]
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Dollar Index (DXY) Has Reached Inflection Area
Read MoreSince bottoming earlier this year, US Dollar has steadily caught a bid. One of the primary reasons for the USD strength is because of the expectation that the Fed will start tapering later this year. The Fed has communicated their intent to reduce the emergency measures as the economy starts to recover from global pandemic. […]