In this interview video by Dale Pinkert at May 16, 2015, our chief currency strategist and founder Eric Morera explained how he believed $EURUSD is not as bearish the consensus from other analysts, banks, and social media. Despite the popular bearish sentiment and belief that $EURUSD is going to go below parity at the time […]

Since our last two updates, the Index has made a new high above wave (w) at 18205.33, and preferred Elliott Wave view suggests the Index should continue higher towards 18343.51 – 18484.24 equal leg area to complete wave (y) of W. We expect sellers to appear from the above area for at least 3 waves lower per […]

Decline to 17732.04 completed wave X and the Index has since moved higher. From wave X low, the rally took the form of a zigzag a-b-c, where wave a ended at 17973.07, wave b ended at 17910.15, and wave c of (w) completed at 18205.23. In our last Chart of The Day update, we said that wave (x) pullback is in progress towards […]

Decline to 17732.04 completed wave X and the Index has since moved higher. From wave X low, the rally took the form of a zigzag a-b-c, where wave a ended at 17973.07, wave b ended at 17910.15, and wave c of (w) completed at 18205.23. Wave (x) pullback is currently in progress towards an ideal target of 17843.94 – […]

Preferred Elliott Wave Nikkei short term view suggests wave ((X)) pullback took the form of a double three (W)-(X)-(Y) structure. Wave (W) ended at 19665. Wave (X) took the form of a FLAT (3-3-5 structure) and completed at 19820. In our last Chart of the Day update, we said wave Y of ((X)) can still make one more low and […]

Short term Elliott Wave view suggests rally to 11883.6 completed wave (Y). Decline from here is taking the form of a double three or WXY structure when wave W ended at 11301, wave X ended at 11684.3, and wave Y lower is in progress. Wave ((w)) of Y ended at 11259.1, wave ((x)) of Y bounce is currently in progress and could retrace 50 […]