Yen Surged as Safe Haven On Demand Amidst Trade War Escalation
Last week's tweet by president Trump to slap a new round of tariffs to Chinese goods has sparked risk aversion in the market. Trump announced that he is imposing an…
Elliott Wave View: NZDJPY Plunges after RBNZ 50 bp Rate Cut
NZDJPY plunges as Reserve Bank of New Zealand (RBNZ) cut the interest rate by 50 basis point. The pair already has a bearish sequence prior to the rate decision, and…
Elliott Wave View: EURUSD Continues Lower
Elliott Wave view suggests the decline in EURUSD from June 25 high (1.1412) is in progress as a 5 waves impulse Elliott Wave structure. Wave ((iii)) of this 5 waves can…
Can Binance Coin (BNB) Price Reach 100$ in 2020 ?
Binance Coin (BNB) is cryptocurrency that was issued in July 2017 with Binance ICO and it's used to pay fees on the Binance cryptocurrency exchange. In 2018, the cryptocurrency market saw a significant…
Fear of Hard Brexit Put Intense Pressure to Poundsterling
Since Prime Minister Theresa May announced she stepped down from leadership position, the market has started to adjust the expectation for a hard Brexit scenario. Selling pressure on Poundsterling has…
Elliott Wave View: GBPUSD Should Remain Weak
GBPUSD shows a bearish sequence from June 25 high (1.2784) favoring further downside. Near term, the decline from 1.2784 to 1.2438 ended wave ((i)) as an impulsive Elliott Wave structure.…
Elliott Wave View: NZDUSD Showing Incomplete Sequence
NZDUSD has an incomplete 5 swing sequence from May 23, 2019 low favoring further upside. Short term Elliott Wave view suggests the pullback to 0.6565 on July 10, 2019 low ended…
EUR and GBP Should Remain Weak Against Canadian Dollar
EUR and GBP have seen a strong sell off against Canadian Dollar in the last few weeks and in this article we will take a look at the swing sequences…
Elliott Wave View: GBPUSD Ending 5 Waves Move
Elliott Wave View suggests the move lower from March 13, 2019 high (1.3381) is unfolding as an impulse Elliott Wave structure. In the short term chart below, the bounce to…