In this blog we are going to take a look at the monthly chart of $EURUSD and highlight some similarities between the price action that we saw in the year 2000 and that we have seen since March 2015. Decline from 1995 high – 2000 low was a 3 wave drop to 100% Fibonacci extension […]

The video below is a short capture from NY Live Analysis session held on 05/16 by EWF Senior Analyst Daud Bhatti. Daud was presenting Elliott Wave count of $GBPNZD, forecasting the rally from precisely determined technical area: 2.11462-2.0965. Back then, $GBPNZD was showing incomplete swings sequences calling for at least another leg up toward equal legs-1.236 fib extension @ 2.1799-2.2033 , area where […]

  In the Daily view, the pair has met the minimum requirement for wave X bounce to complete. However, short term, while the pair stays above trend line channel and above wave ((x)) low at 3,767, ideally pair makes an extension higher towards 4.052 – 4.082 area to complete wave X before pair then resumes lower. For more trading […]

In this video, we present the most likely path for AUDCAD Forex pair for the next few week and even months to come. Pair is showing an incomplete 5 swing sequence from the peak in 2012 (1.0783) and as bounces fail below 12/31/2015 (1.0171) peak, pair is expected to make another swing lower towards 0.8960 […]

In our last AAPL video published on April 28 2016, we explained that preferred Elliott wave structure in AAPL is a double three WXY structure from 4/27/2015 peak. Since then AAPL made a new low below 1/21/2016 low and bounced. Now, it is showing 5 swings down from November 2015 peak which is an incomplete […]

While pair stays above wave (W) low at 0.858, it has scope to extend another leg higher in wave Y of (X) towards 0.904 – 0.912 area to continue the correction of the cycle from 12/29/2015 peak. Afterwards, pair should resume the weekly move lower. For more trading ideas and education, feel free to browse other technical articles at our Technical Blogs, check Chart […]