While pair stays above wave ((b)) low at 0.884, it has scope to extend another towards 0.9154 – 0.9228 area to end at least cycle from 5/26 now and likely also from 4/28 low. Afterwards, pair should at least pullback in 3 waves. For more trading ideas and education, feel free to browse other technical articles at our Technical Blogs, check Chart of The […]

On April 12th, 2016 the price of $CL_F took the important high at $41.72 (3/22)  and opened up possibility for further extension to the upside towards $51.00+ area. The video below is a short capture from the NY Live Analysis Session held on 4/15 by  EWF Founder & Chief Currency Strategist  Eric Morera.  He presented […]

This is an update on AUDCAD video that we did last week in which we were expecting the pair to end a cycle from 3/7/2016 and 12/31/2015 peaks i.e. wave (W) and start to develop a bounce in wave (X) to correct the decline from 12/31/2015. Last week, we saw the pair bouncing and now the distribution system […]

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 […]