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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Strong NFP Report Tempers Fed’s Rate Cut Expectation and Boosts US Dollar
Read MoreJobs report for the month of June came above the expectation, tempering the hope of a Fed’s rate cut. June NFP (Nonfarm Payroll) rebounded to 224,000 after a disappointing 72,000 May figure. Unemployment rate increased to 3.7% while average wage gains increased less than expected at 3.1%. The gain however might not be enough to […]
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Elliott Wave View: AUDUSD Strength Should Resume
Read MoreAUDUSD is correcting the rally from June 18, 2019 low in a Flat structure. This article and video show the Elliott Wave path.
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Elliott Wave View: AUDJPY Should Remain Supported
Read MoreAUDJPY shows a 5 waves impulsive rally from June 18 low favoring more upside. This article and video shows the Elliott Wave path.
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Elliott Wave View: GBPAUD Rally Should Find Sellers
Read MoreGBPAUD shows 5 swing bearish sequence from May 6 high, favoring more downside. This article and video show the Elliott Wave path.
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Elliott Wave View: GBPUSD Impulse Looking for Further Upside
Read MoreGBPUSD shows a 5 waves impulse structure from June 18 low favoring more upside. This article and video shows the short term Elliott Wave path.
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EURAUD Found Buyers In Blue Box And Rallied
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURAUD. As our members know EURAUD has incomplete bullish sequences in the cycle from the 04/17 low. Break of the 05/17 peak made the pair bullish against the 1.6043 low, calling for further strength. Consequently, […]