Risk Appetite Bolster Yen Pairs
The Japanese Yen is weak against all other most-traded currencies, demonstrating market sentiment favoring riskier currencies. Japanese Yen is traditionally considered as safe haven currencies, and it tends to appreciate…
Elliott Wave View: Buying the Dips in GBPUSD
Short term Elliott wave view in GBPUSD suggests the pullback to 1.3562 ended wave ((ii)). Internal of the decline unfolded as a triple three structure. Down from wave ((i)) high…
AUDJPY Elliott Wave View: More Upside Is Expected
Short term Elliott wave view in AUDJPY suggests that the main cycle from March low is showing a higher high sequence favoring more upside. While in the chart below, the…
Elliott Wave View: 5 Waves Rally in EURJPY Favors More Upside
Short Term Elliott Wave View in EURJPY suggests the decline to 125.07 low ended wave 2. Pair has started to turn higher in wave 3 as an impulsive structure. Rally…
Elliott Wave View: Further Upside in USDJPY
Short Term Elliott Wave View in USDJPY suggests the rally from January 6 low is unfolding as a zigzag Elliott Wave structure. Up from January 6 low, wave A ended…
Elliott Wave View: Impulsive Rally in NZDUSD
Short Term Elliott Wave view in NZDUSD suggests the pair ended wave ((2)) pullback at 0.7093. This pullback ended correction of the cycle from September 24 low. Internal of wave…
Elliott Wave View: Ethereum Has Resumed Higher in Wave 5
Short Term Elliott Wave view in Ethereum (ETHUSD) suggests the decline to 913.59 ended wave ((4)). The crypto currency has now resumed higher in wave ((5)). Internal subdivision of wave…
Pound Sterling Gains as UK Accelerated Vaccine Programme
Pound sterling continues to gain against other major currencies as the risk of a hard Brexit is now off-table. Last week, the currency also got a boost after Bank of…
Elliott Wave View: Dollar Index Correction In Progress
Short Term Elliott Wave structure in Dollar Index (DXY) suggests the decline to 89.209 on January 6 low ended wave (3). Wave (4) bounce is currently in progress and the…
