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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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. […]
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Elliott Wave View: Bitcoin Has Started the Next Leg Higher
Read MoreBitcoin (BTCUSD) rallies impulsively from September 21 low looking for more upside. This article and video look at the Elliott Wave path.
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BTCUSD: Forecasting The Recent Rally after Zigzag Correction
Read MoreIn this article, we will look at the correction in BTCUSD during the month of September and how we called the rally after it completed a Zigzag Elliott wave correction. Chart below is from 28th September 2021 when we called the correction completed and called for the rally to resume. We saw an Elliott wave […]
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GBPUSD Close to Support Levels
Read MoreGBPUSD is getting closer to reach the extreme area from May 31 peak and pair may see support soon. This article looks at the Elliott Wave path.
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Elliott Wave View: Further Strength in US Dollar Index (DXY)
Read MoreDollar Index (DXY) shows a 5 waves (impulsive) move up from September 3 low favoring more upside. This article and video look at the Elliott Wave path.