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: Impulsive Rally in EURUSD
Read MoreEURUSD extended higher from July 1 low. While above July 20 low, expect dips in 3,7 or 11 swings to find support for further upside.
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Elliott Wave View: Dollar Index (DXY) Ending Wave ((v))
Read MoreDXY has continued lower from June 30 high. While below July 10 high, expect the bounce in 3,7, or 11 swings to fail for more downside in the near term.
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Elliott Wave View: AUDUSD Remain Supported
Read MoreAUDUSD rallied higher from July 14 low and broke above July 9 high. While above that low, expect dips to find support in 3, 7, or 11 swings for more upside.
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EURGBP Forecasting The Rally After Zig-Zag Pullback
Read MoreIn this blog, we are going to take a look at the Elliott Wave chart of EURGBP. The 1 hour NY Midday chart update from July 6 shows that the pair has ended the cycle from April 30 low at 0.9177 high. The sub-waves of the rally unfolded as 5 waves impulsive structure. Elliott Wave […]
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Pound Sterling Gains from Positive Brexit Headlines
Read MoreBritish Pound Sterling gained last week against major currencies as positive headlines on Brexit negotiations start to trickle. The chart below shows the gain of Pound Sterling against some major currencies: One of the positive developments came from the European Union’s softening stance on fishing rights. Fishing has been one of the two main stumbling […]
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EURGBP Resume Higher After Buyers Appear At Blue Box Area
Read MoreIn this blog, we are going to take a look at the Elliott Wave chart of EURGBP. The 1 hour London chart update from June 25, 2020 shows that the pair has ended the cycle from June 9 low in wave 1 at 0.9078 high. The rally unfolded as 5 waves impulse Elliott Wave Structure. […]