USDJPY Elliott Wave view: Calling For Bounces To Fail Ahead of NFP?
USDJPY Short-term Elliott Wave view suggests that the rally to 111.40 on May 21 ended intermediate wave (A) as a Diagonal structure coming from March 26 low (104.52) cycle. Pair is…
EURUSD Elliott Wave View: Bounces Are Expected To Fail
EURUSD short-term Elliott wave view suggests that the decline from ( 1.1996 ) 5/14/2018 peak is unfolding as ending diagonal structure in Intermediate wave (5) lower as mentioned in the previous…
Elliott Wave Analysis: EURJPY Has a Bearish Sequence
EURJPY short-term Elliott Wave view suggests that the bounce to 5/14 high at 131.38 ended wave (2). Down from there, the decline is unfolding as Elliott wave impulsive structure as expected…
USDX Elliott Wave View: Ending Diagonal In Progress
USDX short-term Elliott Wave view suggests that the rally from 5/14 low 92.24 is extending higher as Elliott Wave Ending diagonal structure within Intermediate wave (5). Keep in mind that…
Sentiment Extreme Drags GBPUSD Lower
In this blog, I want to discuss the retreat in the COT Sentiment Net long position in the GBPUSD and what effects it can take. First off let me start explaining…
GBPUSD Elliott Wave View: Showing Impulse Structure
GBPUSD Elliott wave view in short-term cycle suggests that the decline from 4/17/2018 high (1.4377) is unfolding as an impulse Elliott wave structure where bounce to 1.3607 high ended Intermediate wave (4). Down…
Delay in Nafta Deal Doesn’t Hurt Canadian Dollar
We wrote in our previous article that Canadian dollar may get a bid if NAFTA (North America Free Trade Agreement) is successfully renegotiated. The three countries under NAFTA (U.S., Canada,…
USDCAD Extending Lower As Elliott Wave Impulse
USDCAD short-term Elliott Wave view suggests that the bounce to 1.2998 on 5/08 high ended primary wave ((2)). Below from there, primary wave ((3)) remains in progress as an Impulse…
USDJPY Elliott Wave View: Ending 5 Waves Impulse Soon
USDJPY Short-term Elliott wave view suggests that the pullback to 108.62 on 5/04 low ended Minor degree wave 4. Above from there, the rally is unfolding as a 5 waves…