Pound Sterling declined against a basket of currencies last week after a series of negative news. First of all, Bank of England (BOE) decided to increase quantitative easing by £100BN, putting pressure to Pound Sterling. Secondly, the deadlock in EU and UK trade negotiations over Brexit would likely persist until the year-end. Then finally, Bank of […]

EURJPY decline from 6/5 high is unfolding as an impulse and can see further downside while below 6/16/2020 high.This article looks at the Elliott Wave path.

Bitcoin (BTC/USD) is currently correcting the cycle from 3.13.2020 low. The instrument has just ended cycle from 6.1.2020 high (10429) as a double three structure. Down from 6.1.2020 high, wave W ended at 9135 low. The bounce in wave X ended at 10011 high. From there, the instrument extended lower and ended wave Y at […]

$GBPCHF FX Pair Swings & Long Term Cycles Firstly as seen on the monthly chart below there is data back to the early 1970’s readily available in the pair. It obviously had a central bank intervention during the month of October 1974 where price topped out at 6.3387. Most all Elliott Wave practitioners are geared […]

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURCAD.   As our members know, recently the pair gave us 3 waves bounce against the 1.53878 peak. Recovery unfolded as Elliott Wave Zig Zag pattern (a)(b)(c).  Once the price reached equal legs (a)-(b)  we knew […]

EURUSD shows an impulsive rally from 5.14.2020 low and dips should be supported. This article and video look at the Elliott Wave path.