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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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EURGBP Forecasting The Rally After Zig-Zag Pullback
Read MoreIn this blog, we are going to take a look at the Elliott Wave chart of EURGBP. The 1 hour NY Midday chart update from July 6 shows that the pair has ended the cycle from April 30 low at 0.9177 high. The sub-waves of the rally unfolded as 5 waves impulsive structure. Elliott Wave […]
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Pound Sterling Gains from Positive Brexit Headlines
Read MoreBritish Pound Sterling gained last week against major currencies as positive headlines on Brexit negotiations start to trickle. The chart below shows the gain of Pound Sterling against some major currencies: One of the positive developments came from the European Union’s softening stance on fishing rights. Fishing has been one of the two main stumbling […]
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EURGBP Resume Higher After Buyers Appear At Blue Box Area
Read MoreIn this blog, we are going to take a look at the Elliott Wave chart of EURGBP. The 1 hour London chart update from June 25, 2020 shows that the pair has ended the cycle from June 9 low in wave 1 at 0.9078 high. The rally unfolded as 5 waves impulse Elliott Wave Structure. […]
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Bullish Sequence in EURGBP Favors More Upside
Read MorePound Sterling declined against a basket of currencies last week after a series of negative news. First of all, Bank of England (BOE) decided to increase quantitative easing by £100BN, putting pressure to Pound Sterling. Secondly, the deadlock in EU and UK trade negotiations over Brexit would likely persist until the year-end. Then finally, Bank of […]
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Elliott Wave View: EURJPY Can See More Downside
Read MoreEURJPY decline from 6/5 high is unfolding as an impulse and can see further downside while below 6/16/2020 high.This article looks at the Elliott Wave path.
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Elliott Wave View: Bitcoin shows short term impulse up
Read MoreBitcoin (BTC/USD) is currently correcting the cycle from 3.13.2020 low. The instrument has just ended cycle from 6.1.2020 high (10429) as a double three structure. Down from 6.1.2020 high, wave W ended at 9135 low. The bounce in wave X ended at 10011 high. From there, the instrument extended lower and ended wave Y at […]