Weekly chart suggests pair is looking to do a larger pullback to at least correct the cycle from 2014 low, and likely also 2011 low. As far as pair stays below 1/27 peak at 4.158, favor pair to resume lower. For more trading ideas, feel free to check Chart of The Day and take our FREE 14 Day Trial.

On June 24th, $NZDJPY completed wave ((X)) recovery as expanded flat and made 800+ points decline from proposed inflection area. It bottomed at 69.08 , and at current stage still holding above that low.  The video below is a short capture from the Plus Daily Technical Video held on 06/22 by our technical analyst Hendra Lao. The […]

Rally from 4/28 low is proposed complete at 0.9305 as wave (X). Short term, while pair stays below here, and more importantly below 0.9567, it has scope to continue the weekly decline lower to 0.79 area, or at minimum pair can start a larger 3 waves pullback to correct rally from 4/28 low. For more […]

On May 18th $EURGBP broke the 04/26 low (0.77316) ,calling for further extension lower toward : 0.7564-0.74728 zone where it was expected to complete wave ((4)) daily pull back. A few days after, inflection area had been reached and buyers showed up immediately, making bottom at 0.7563. So far $EURGBP has made gain of  10.76% […]

This is a quick update on AUDCAD pair that we have been tracking since the end of May. (Watch previous videos here and here) Pair has already retraced 50% Fibonacci retracement (0.9747) of wave (W) and has enough number of swings in place to call wave (X) completed at 0.9757. We like staying short from 50 […]

On Thursday night, as results for Brexit Referendum vote started coming in and “LEAVE” camp started gaining lead over “REMAIN” camp, GBPUSD started dropping and it was already trading below 2/29/2016 low even before the final result was out. In this video, we explain what caused GBPUSD to drop from just above 1.50 handle to […]