USDJPY short-term Elliott wave view suggests that the pair is nesting higher as impulse structure. Looking for an extension higher towards 118.24-120.30 100%-123.6% Fibonacci extension area from 3/23/2018 low. And until that area is reached dips are expected to remain supported in 3, 7 or 11 swings looking for upside extension. Currently, Minor wave 3 remain […]

DXY short-term Elliott wave view suggests that the index is doing a Flat correction coming from 8/28/2018 low within cycle degree wave II. Meaning that the internal distribution of cycle from that low is showing the sub-division of 3-3-5 wave structure. Where primary wave ((A)) ended in 3 swings at 95.73 on 9/04 peak. Down […]

Last week, Canadian dollar rose to its strongest since May against US Dollar over speculation that Canada and U.S. will strike a deal on NAFTA. News then come late Sunday that Canada agreed to join the trade deal with the U.S. and Mexico. All three countries plan to sign on the pact which will save NAFTA […]

EURUSD short-term Elliott wave view suggests that the decline to 1.1524 low ended Primary wave ((2)) pullback. Above from there, Primary wave ((3)) remain in progress as impulse structure looking for a further extension higher. It’s important to note that the pair is having bullish sequence tag & also the right side tag is calling higher. […]

In this blog, we will have a look at some past  Elliott Wave charts of USDJPY which we presented to our members. You see the 1-hour updated chart presented on the 09/06/18 showing that USDJPY ended the cycle from 08/21 low in black wave ((a)). From that peak. It started a pullback lower in black wave ((b)). […]

EURAUD short-term Elliott wave view suggests that the rally to 1.6353 high ended intermediate wave (1) higher. The internals of that degree unfolded as impulse structure with lesser degree cycles showing the sub-division of 5 waves structure. Below from 1.6353 high, the pair is doing an intermediate wave (2) pullback in 3, 7 or 11 […]