NZDUSD is ending a cycle from June 24 2013 which is taking the form of a WXY structure in which wave ( W )  was a FLAT. Dip to 0.8052 (2.4.2014) was wave ( X ) connector which was followed by 3 waves up to 0.8701 (4.1.2014) which we have labelled as wave ( A […]

Preferred Elliott wave view is that dip to 2.402% completed wave ( W ) and recovery to 2.692% was a corrective wave ( X ). Decline from 2.692% high is so far in 5 swings and while below 2.601% high, we expect to see 1 more push lower toward 2.433 – 2.465% area to complete 7 […]

Preferred Elliottwave view is that CL_F (Oil) is correcting 4 hour cycle from 97.37 (3.17.2014) low and can reach  as low as 101.30 (61.8 fib)before rally resumes. Shorter cycles suggest suggest recovery seen yesterday was a B wave and dip to 102.12 completed wave (( w )) of C. We are now expecting a bounce in wave […]

Preferred Elliottwave view is that CL_F (Oil) is correcting 4 hour cycle from 97.37 (3.17.2014) low and can reach  101.21 – 102.48 before rally resumes. Shorter cycles suggest suggest recovery seen today was a B wave and as price holds below 104.21 high, price is expected to trade lower toward 101.21 -102.48 area to end a […]

Preferred Elliottwave view suggests dip to 101.21 completed a corrective cycle from 102.79 peak. We have seen a 7 swing move higher from 101.21 – 102.26 which we believe completed wave A. Wave B pull back is in progress and can test 101.61 – 101.74 area before pair turns higher in wave C. There is some […]

Preferred Elliottwave view suggests drop from 0.8130 to 0.7956 was a WXY structure and complete wave A. Wave B is also taking the form of a 7 swing or WXY structure when rally to 0.8025 completed wave (( w )) , dip to 0.7965 completed wave (( x )) and wave (( y )) is now […]