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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Elliott Wave Analysis: EURUSD 5 waves structure looking for more downside
Read MoreCycle from Sept 24 high (1.182) in EURUSD remains in progress as an Elliott Wave impulse structure where Primary wave ((1)) ended at 1.1214 and Primary wave ((2)) is proposed complete at 1.147. Pair still needs to break below Primary wave ((1)) at 1.1214 to validate this view. Until then, we still can’t rule out […]
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CADJPY Elliott Wave: Incomplete Sequence Calling Lower
Read MoreCADJPY short-term Elliott wave view suggests that a bounce to 87.00 on 11/08/2018 high ended intermediate wave (X). Down from there, the decline unfolded as double three structure where Minute wave ((w)) ended at 85.44 low as zigzag structure. A bounce to 86.35 ended Minute wave ((x)). Then a decline to 84.61 low ended Minute […]
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Elliott Wave analysis calling EURUSD to resume lower after Flat correction
Read MoreShort Term Elliott Wave View on EURUSD suggests that pair is currently in Primary wave ((2)) rally to correct cycle from Sept 24 high (1.1815) before the decline resumes. Internal of Primary wave ((2)) is unfolding as a Flat Elliott Wave structure where Intermediate wave (A) ended at 1.15 and Intermediate wave (B) ended at […]
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EURGBP Opened Further Extension Down in 7th Swing
Read MoreHello fellow traders. Another instrument that we have been trading lately is EURGBP . In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURGBP , published in members area of the website. As our members know, EURGBP has incomplete bearish sequences in the cycle from the 08/28 […]
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Elliott Wave Analysis: Further Downside Expected in EURUSD
Read MoreEURUSD has broken below Nov 1 low (1.13) and now the pair shows a 5 swing bearish sequence from Sept 24 high (1.1815), favoring further downside. Short term Elliott Wave view suggests that the move higher to 1.15 ended wave ((2)) in Primary degree. Internal of wave ((2)) unfolded as a double three Elliott Wave […]
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Elliott Wave Analysis: GBPJPY in Correction Before Next Leg Higher
Read MoreShort Term Elliott wave view in GBPJPY suggests that the decline to 142.77 ended wave (2) in Intermediate degree. Up from there, the pair rallies as an impulse and ended Minor wave A at 149.49. Minor wave B pullback is currently in progress to correct cycle from Oct 26 low (142.77) before the next leg […]