Short term Elliott Wave view in GBPUSD shows that rally to 1.2816 ended wave (4). Internal of that rally unfolded as a triple three Elliott Wave structure. Up from wave (3) at 1.2476 on 12.12.2018 low, Wave W ended at 1.2687 and wave X ended at 1.2528. Rally to 1.2739 then ended Wave Y, second […]

Six years ago in 2012, Euro zone was in the midst of crisis, with bailouts of Greece pushing the Euro to the verge of a collapse. Peripheral European countries like Greece, Portugal, Italy were unable to sell government bonds without offering significant yield.  In order to convince international investor, ECB President Mario Draghi back in […]

Care to guess what is the best performing major currency in 2018? Chances are you will say that it’s the US Dollar. Although US Dollar is doing pretty well this year, the best performing currency is in fact the Japanese Yen. You can see in the table below that despite the Dollar Index rallying 4.9% […]

In this blog, I want to share some short-term Elliott Wave charts of AUDCAD which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 12/19/18. Showing that AUDCAD ended the cycle from 12/03/18 peak in red wave W at 12/09/18 low (0.95680). As AUDCAD ended the cycle […]

Short Term Elliott Wave view suggests that cycle from 11.8.2018 high (87) ended at 83.55 in Minor wave W and bounce to 85.27 ended Minor wave X. Pair has resumed lower in Minor wave Y, but it needs to break below Minor wave W at 83.55 for confirmation and to avoid double correction in Minor wave […]

The Brexit saga continues to unfold as Prime Minister Theresa May postponed Brexit deal vote in U.K Parliament last week. The cancellation happened after it becomes clear that May will lose the vote by large margin if she forces it through the Commons. Subsequently, Ms. May survived a confidence vote in her own party and […]