Short term Elliott Wave cycle suggests rally to 20060 ended wave ((X)). From this level, Index has turned lower in a double three structure where wave ((w)) ended at 19395, wave ((x)) ended at 19840, and wave ((y)) lower is in progress. Internal of wave ((y)) is unfolding as a double three structure and near term […]

We have 2 important news events for Canadian Dollar tomorrow on 12/08 2015 : -Building Permits  at 1:30 PM GMT(UK  Time) / 8:30 AM EST -Bank Of Canada Governor Stephen Poloz Speaks at 5:50 PM GMT(UK Time)/ 12:30 PM EST Both news events should ideally bring some volatility into CAD pairs, so they could finally complete current cycles. […]

Revised short term reading of the Elliott Wave cycle suggests the decline from 10/23 peak at 6488.18 is unfolding as a double three where wave (W) ended at 6079.8, wave (X) ended at 6447.34, and wave (Y) is in progress. Internal of wave (Y) is also in a double three where wave W is expected to complete at 6206.4 […]

Services PMI December 3 at 9:30 AM GMT/ UK  Time PMI (Purchasing Managers’ Index ) is one of the leading indicators of economic health and this announcment could bring some volatility in the GBP pairs on Thursday. Many retail traders will be looking the announcment at 9:30 AM GMT/ UK  Time. As we know so […]