Strong NFP Report Tempers Fed’s Rate Cut Expectation and Boosts US Dollar
Jobs report for the month of June came above the expectation, tempering the hope of a Fed's rate cut. June NFP (Nonfarm Payroll) rebounded to 224,000 after a disappointing 72,000…
Elliott Wave View: AUDUSD Strength Should Resume
AUDUSD rally from June 18, 2019 low ($0.6830) is unfolding as a zigzag Elliott Wave structure where wave ((a)) ended in 5 waves at 0.7035. Down from there, wave ((b))…
Elliott Wave View: AUDJPY Should Remain Supported
Short term Elliott Wave view on AUDJPY suggests that the rally from June 18 low is unfolding as a zigzag Elliott Wave structure. A zigzag is an ABC structure with…
Elliott Wave View: GBPAUD Rally Should Find Sellers
Short term Elliott Wave view on GBPAUD suggests the rally to 1.8426 ended wave (X) on June 20. The decline from there is unfolding as a zigzag Elliott Wave structure.…
Elliott Wave View: GBPUSD Impulse Looking for Further Upside
Short term Elliott Wave view on GBPUSD suggests the rally from June 18 low (1.2505) unfolded as an impulse Elliott Wave structure. Up from 1.2505, wave ((i)) ended at 1.257…
EURAUD Found Buyers In Blue Box And Rallied
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURAUD. As our members know EURAUD has incomplete bullish sequences…
Elliott Wave: High Frequency Box Suggested AUDCAD Sell Off
I want to share with you an Elliott Wave chart of AUDCAD which we presented on the weekend update in the past. You see the 1-hour updated chart presented to our clients on…
Elliott Wave View: Further Weakness in GBPUSD Expected
Short Term Elliott wave view in GBPUSD suggests the decline from June 7 high is unfolding as an impulse Elliott Wave structure. Down from 1.276, wave (i) ended at 1.265…
Australian Dollar Extends Weaknesses
Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been for a dip to 5.1%. Australian unemployment rate has now…
