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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Yen Crosses Reaching Extremes. Are They Ready For A Bounce?
Read MoreIn this blog, we would take a look at some Yen crosses to gather the bigger picture and also get an idea of whether they are ready for a bounce or there would be more downside before the bounce occurs. We would also look at long-term Elliott Wave sequences two Yen crosses to explain what […]
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Elliottwave View: GBPUSD Rally Expected To Fail
Read MoreGBPUSD shows a 5 waves impulsive decline from Sept 20 high. Rally likely fails in 3, 7, 11 swing below there for more downside.
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Elliott Wave View: EURJPY Has Resumed Lower
Read MoreAfter forming a low on September 3, 2019 at 115.8, EURJPY has rallied in 3 waves. The rally ended at 120.62 and we labelled this bounce as wave 4. As the structure of the rally from September 3, 2019 low is in 3 waves, this tells us that the rally is only a correction. The […]
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EURUSD Selling The Elliott Wave Bounce At Blue Box Area
Read MoreIn this blog, we take a look at the 1 hour Elliott Wave charts performance of EURUSD, which our members took advantage at the blue box extreme areas.
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RBNZ Likely Holds Interest Rate Steady
Read MoreReserve Bank of New Zealand (RBNZ) will have monetary policy announcement at 02.00 GMT this Wednesday. Market consensus is for the central bank to keep Overnight Cash Rate (OCR) at 1%. RBNZ has cut 50 bps last month, more than market’s expectation. Thus RBNZ is likely to wait a little bit to see the impact […]
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USDSGD Buying Elliott Wave Blue Boxes At Extreme Areas
Read MoreIn this blog, we take a look at the 1 hour Elliott Wave charts performance of USDSGD, which our members took advantage at the blue box extreme areas.