EURJPY broke below September 3, 2019 low (115.86) and pair now shows a lower low sequence from February 2018 high and January 2020 high as the video below explains. Near term, decline from April 7, 2020 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from April 7, wave (i) ended at […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of COPPER ( $HG_F ) published in members area of the website. As our members know, COPPER has given us recovery against the January 16th peak that unfolded as Elliott Wave Double Three Pattern.  We advised clients to […]

In this blog, we are going to take a look at the Elliottwave chart of GBPJPY.  The 4 hour chart update below from 15 April shows that the cycle from December 12, 2019 high unfolded as 5 waves impulsive structure. Wave 1 ended at 141.14 low. The bounce in wave 2 as a flat correction […]

IMF (International Monetary Fund) projects the European nations will experience a 7.5% GDP contraction this year. EU nations have been some of the hardest hit by Covid-19. Even before the pandemic, the European economy is already sluggish. The NIRP (Negative Interest Rate Policy) and ZIRP (Zero Interest Rate Policy) have not produced better results. These […]