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, […]
-
Bleak Canada’s GDP Pummeled Loonie
Read MoreCanada’s Dollar slumped last Friday due to worse-than-expected gross domestic product data. Canada’s economy practically grinds to a halt at the end of 2018. Real GDP grew by just 0.1 percent in the fourth quarter of 2018. This equals to 0.4% annualized rate, which is significantly lower than analyst expectations of around 1%. This is […]
-
Elliott Wave View: EURJPY Rally Should Resume
Read MoreThis article and video explains the short term Elliott Wave path in EURJPY. Pair shows a bullish sequence from early January favoring more upside.
-
Elliott Wave View: Downside Pressure in EURGBP
Read MoreElliott Wave sequence in EURGBP shows a 5 swing bearish sequence from August 29, 2017 high, suggesting more downside. This article & video looks at the next path of the pair.
-
AUDCAD Elliott Wave View: Forecasting The Decline
Read MoreAUDCAD short term Elliott wave view suggests that the pair bounced higher as double three structure & failed lower as expected
-
Progress in Brexit Negotiation Supports Poundsterling
Read MoreBritish Pound Sterling is the best performing major currency last week. The Pound Sterling shows strength as the market senses progress towards a Brexit deal. This follows news pointing to progress in Brexit negotiations. Last week UK Prime Minister Theresa May and EU President Jean-Claude Juncker met in Brussels to secure a deal. Both have […]
-
EOS Token Price Looking for A Technical Recovery
Read MoreThe EOS token is the cryptocurrency of the EOS network which is using the blockchain technology architecture to enable vertical and horizontal scaling of decentralized applications. 2018 was the worst year for cryptocurrency investors as the market saw a significant price drop but despite that, ESO coin managed to make new all time highs during […]