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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EURUSD Elliott Wave View: Reaction Higher Is Expected
Read MoreEURUSD rally from October 01, 2019 low is showing an incomplete structure, favoring more upside. This article looks at the Elliottwave path.
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Elliott Wave View: GBPUSD Impulsive Decline Suggests More Downside
Read MoreGBPUSD decline from Dec 13, 2019 high is unfolding as Elliott Wave impulse structure and while bounce stays below there, pair can see more downside.
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USDSEK Forecasting The Decline using Elliott Wave
Read MoreIn this blog, we will take a look at the recent price action of USDSEK since we published the short-term view for this pair in Chart of the day on 12.6.2019 Pair was showing an incomplete sequence down from 10.9.2019 (9.964) peak against 11.13.2019 (9.765) and was calling for more downside toward 9.3527 – 9.2549 […]
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USD Falls After the Fed Saw No Rate Hike Until 2021
Read MoreLast week, US Dollar fell across the board after the Fed signaled it will leave policy unchanged for an extended period of time until 2021. The Fed maintained the interest rate unchanged at 1.5 – 1.75%. They also kept the forecast of inflation and GDP unchanged. The central bank’s median rate is forecast to hold […]
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CHFJPY Calling the Rally After Double Three Elliott Wave Correction
Read MoreIn this blog, we are going to look at the recent developments in CHFJPY forex pair. CHFJPY rally from 10.4.2019 (106.72) to 10.21.2019 (110.39) was in 3 waves and unfolded as a zigzag Elliott wave structure. Then pair pulled back to correct the cycle from 10.4.2019 low, it did 3 waves back to 109.11 but […]
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Pound Sterling Maintains Strength as Tories Projected to Win
Read MorePound Sterling remains strong as the U.K. will go to poll this coming Thursday December 12. The general election normally should be held every five years. However, this election will be the third time since 2015 as it’s necessary to break the country’s Brexit impasse. It will determine whether the U.K. will quit the European […]