Preferred view is  that cycle from 22.17 high is over i.e. wave ( A ) and wave ( B ) bounce is in progress. Following a pull back in wave B (which can reach as low as 19.09 – 19.25) metal is expected to turn higher in wave C which can reach as high as […]

NZDUSD has been moving higher against USD for the last few days. Yesterday (11 June 2014), pair made a spike lower followed by a sharp move to the upside and then we heard people saying it was due to the rate decision from the Bank of New Zealand (and we still don’t know what they […]

Preferred view suggests dip to 10667 completed wave B of Y. Index can reach as high as 11403 to complete wave ( W ). Index should then do a larger 3 wave pull back and resume the rally. Risk / Reward ratio is not great for longs here so we don’t like chasing strength at […]

As we can see on AUDUSD 90 min chart pair has been in a sideways consolidation since 0.9198 low (5.2.2014). We believe FLAT structure is in progress which started from 0.9198. To be more precise we are currently in wave C of FLAT. Wave C has taken form of Ending Diagonal and we are nearing […]