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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$GBPCHF FX Pair Long Term Cycles & Swings
Read More$GBPCHF FX Pair Long Term Cycles & Swings 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 […]
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AUDJPY Forecasting The Bounce From The Blue Box Area
Read MoreIn this blog, we are going to take a look at the Elliottwave chart of AUDJPY. The rally from August 26, 2019 unfolded as 5 waves impulsive move up in wave (A) as a leading diagonal. Based on Elliottwave theory, the impulsive move up will be followed by 3 waves correction before extending higher. Therefore, […]
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CHFJPY Buying Elliott Wave Blue Boxes At Extreme Area
Read MoreIn this blog, we take a look at the past performance of 1 hour Elliott Wave charts of CHFJPY In which our members took advantage of the blue box areas.
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USDSEK Forecasting Rally Into Blue Box Based on Incomplete Sequence
Read MoreUSDSEK found a low at 9.2929 on December 31, 2019 and rallied in 5 waves to 9.529. This was followed by a 3 waves pull back to 9.439 on January 15, 2020 and then the pair started trading higher again and managed to break above January 13, 2020 high to create an incomplete sequence higher […]
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CHFJPY Elliott Wave View : Forecasting The Path
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of CHFJPY, published in members area of the website. As our members know, CHFJPY is showing impulsive structures within the rally from the 108.79 low. We were calling for further extension higher in the pair recently. The […]
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How Much Farther Will US Dollar Rally?
Read MoreThe Dollar Index (DXY) continues to be firm and rallies higher since Dec 31.2019 low. Near term, it still has scope to extend higher towards 98.3 – 98.59 area which is the 100% – 123.6% Fibonacci extension target from December 31, 2019 low. From the above area, it’s possible larger 3 waves reaction against US […]