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 […]

The pair spiked higher and now is showing a complete 7 swing sequence from 4/1 low. It has since pulled back again and still stay below the broken trend channel from June 2014 low. As far as pair stays below 1/27 peak at 4.158, pair can resume lower. For more trading ideas and education, feel free to […]

Here is a short capture from the Plus Daily Technical Video from 03/30 , where EWF Technical analyst Hendra Lao explained the Elliott Wave count of $AAPL. Back then, Apple took the previous high from 03/22 date, suggesting further extension in the cycle from the 01/28 low. The price was expected to reach 111.64-114.34 technical […]

Back in May, we had a look at AUDCAD pair and presented the preferred Elliott wave structure in the pair in daily and weekly time frames. At the time, we said pair is close to a bounce which will offer a selling opportunity for the next leg lower to complete the sequence to the downside. […]

While pair stays above wave W at 3.7056, it has scope to extend higher towards 4.068 – 4.134 area to complete wave X and end cycle from 4/1 low. Then pair should resume weekly decline as far as 4.158 pivot stays intact. If pair doesn’t make a new high and pivot at 3.7056 fails, then it has started the […]

$EURCAD found sellers at 1.47089-1.47558  area and gave us approximately 400 pips decline, as forecasted. The pair reached the extreme area at 1.4336 in the cycle from the 1.4822 high and currently bouncing from there. At current stage, it still needs more data to resolve the situation: bulls will have to break the pivot at […]