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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Buying The Dips In GBPJPY At Blue Box
Read MoreIn this blog, we are going to take a look at the Elliott Wave chart of GBPJPY. The pair is showing a bullish sequence from March 18 low. Therefore, the dips in 3,7, or 11 swings are expected to continue to be supported for more upside. The 1 hour chart update from August 21 shows […]
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Elliott Wave View: Ten Year Notes (ZN_F) Impulsive Decline
Read More10-year note decline lower from 8/5 high. While below that high, expect bounces in 3,7,11 swings to fail for more downside to correct cycle from 6/5 low.
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Elliott Wave View: Bitcoin Impulsive Rally In Progress
Read MoreBitcoin ended pullback from August 2 high. From there, it has extended higher. While above August 2 low, dips in 3,7 or 11 swings can find support.
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Elliott Wave View: Incomplete Bullish Sequence in EURJPY
Read MoreEURJPY broke above June 5 high. The pair now shows an incomplete bullish sequence. While above July 24 low, expect dips in 3,7 or 11 swings to find support.
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Has The Euro Dollar Finally Turned the Corner?
Read MoreThe Euro Dollar has continued to slide since topping out on July 2008 at 1.6038. However, sentiment on the euro has recently improved after European Union leaders agreed to massive stimulus plan to counter the corona virus. The deal will see the EU issue 750 billion euro ($882 billion) of joint debt to help member […]
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Bitcoin Extended Higher From Blue Box
Read MoreIn this blog, we are going to take a look at the Elliott Wave chart of Bitcoin (BTC/USD). The 1 hour London chart update from July 28 shows that the cryptocurrency ended wave ((iii)) at 11417.11 high. The pair then did a pullback in wave ((iv)). The pullback reached the 100 – 161.8% extension of […]