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: EURJPY Has Resumed Lower
Read MoreEURJPY has completed correction and resumed lower in an impulsive structure. This article and video looks at the Elliott Wave path.
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Elliott Wave View: EURAUD Can See More Downside
Read MoreEURAUD has incomplete sequence from March 19 high and can see further downside. This article and video look at the Elliott Wave path.
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Elliott Wave View: EURUSD Bounce May Extend
Read MoreEURUSD 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 wave ((1)). Bounce in wave ((2)) is unfolding as a zigzag Elliott Wave structure where wave (A) ended at 1.1147. Internal of wave (A) unfolded […]
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SEKJPY Breaks below September 2019 to Resume The Decline
Read MoreBack 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 more downside. In this article, we will look at the price action which followed since then and what is expected next in the pair. First […]
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CADJPY May See More Downside After BOC Cut Rates
Read MoreOn 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 unscheduled rate cut is intended to provide support to the financial system and the economy during the COVID-19 pandemic. Prior to the cut, Canada has […]
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EURGBP Elliott Wave: Pair May Find Buyers Soon
Read MoreBank 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 high at 0.95, EURGBP pulled back to 0.89 after BOE injected liquidity into the market The BOE has already cut the interest rate by 65 […]