Elliott Wave View: EURJPY Has Resumed Lower
Short term Elliott Wave view in EURJPY suggests the decline from January 14, 2020 high is unfolding as a 5 waves impulse structure. Down from Jan 14 high, wave (1)…
Elliott Wave View: EURAUD Can See More Downside
EURAUD shows incomplete sequence from March 19, 2020 high, favoring further downside. The internal of the decline from March 19 (1.98) high is unfolding as a double three Elliott Wave…
Elliott Wave View: EURUSD Bounce May Extend
EURUSD shows an incomplete sequence from Feb 16, 2018 high favoring further downside while below March 9 high (1.1496). Near term, the decline from March 9, 2020 high (1.1496) ended…
SEKJPY Breaks below September 2019 to Resume The Decline
Back in October 2019, we mentioned that SEKJPY had reached extreme area down from September 2017 peak and should bounce soon in 3 or 7 swings which should fail for…
CADJPY May See More Downside After BOC Cut Rates
On Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This…
EURGBP Elliott Wave: Pair May Find Buyers Soon
Bank of England (BOE) decided to leave interest rate unchanged at a record low of 0.1% last week. This allows EURGBP to correct from seven month highs. After reaching the…
USDNOK Buyers Continue To Respect Blue Boxes
In this blog, we are going to take a look at the Elliottwave chart of USDNOK. The chart from March 13 London update shows that the cycle from March 9,…
US Dollar Continues to Firm As Supply Tightens
U.S Dollar demand is so high as a result of the corona virus pandemic that now there's a squeeze in the credit market. The dollar soared this week as investors…
DXY Elliott Wave View: Pullback An Opportunity For Bulls
Short term Elliott Wave view in DXY suggests that the rally from March 09, 2020 low is unfolding as an Elliott wave impulse structure. And shows a higher high sequence…
