In this blog, we revisit Turkish Lira Elliott wave analysis presented back in August 2018 and present the latest USDTRY Elliott Wave Analysis. We were looking for a bounce to fail below August 2018 peak for another leg lower to complete a larger 3 waves correction down from August 2018 peak before buyers entered the […]

In a speech to the Economic Society of Australia today, Reserve Bank of Australia (RBA) governor Phillip Lowe gave the strongest indication that the bank will cut cash rate in the next meeting. Dr. Lowe said that without interest rate cut, unemployment is not likely to fall much further and inflation remains low. The Australian Dollar […]

I want to share with you some Elliott Wave charts of AUDUSD which we presented this month. You see the 1-hour updated chart presented to our clients on the 5/16/19. AUDUSD had a 1-hour right side tag against 0.6951 peak suggesting more downside. AUDUSD ended the cycle from 05/10/19 peak in black wave ((iii)) at 05/16/19 low (0.6892). […]

$USDJPY shows impulsive move from 4.25.2019. Bounce is expected to fail for further downside.This article & video shows the short term Elliott Wave path.

The Yuan (CNY) is the basic unit of the Renminbi which represents the official currency of the People’s Republic of China. The ongoing trade war between China and United States is affecting the economy for both country and the recent tension caused by U.S. Tariffs could be the trigger of more weakness in Yuan. China’s currency had appreciated 30% against the U.S. […]

AUDJPY Elliott wave view suggests that the cycle from 4/17/2019 peak showed lower low sequences & right side tags called for more downside. Therefore, our strategy remained selling the blue boxes in 3, 7 or 11 swings.