The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact. The U.S. has just concluded a successful bilateral talk with Mexico on Monday. Under the new agreement, cars need to have 75% of their content […]

NZDUSD short-term elliott wave analysis suggests that the decline to 0.6543 low ended Minor wave 1. The internals of that decline unfolded as impulse structure with lesser degree Minute wave ((i)), ((iii)) & ((v)) unfolded in 5 waves structure. Above from there, Minor wave 2 bounce is taking place as double correction higher with lesser […]

Elliott Wave view on AUDUSD suggests that the decline to 0.7199 ended Intermediate wave (W). Intermediate wave (X) rally appears complete at 0.7382. The internal of Intermediate wave (X) unfolded as a zigzag Elliott Wave structure. Minor wave A of (X) ended at 0.7287, Minor wave B of (X) ended at 0.7248. and Minor wave […]

AUDNZD Short-term Elliott Wave view suggests that the rally to 1.1066 ended Minor wave X. The internal subdivision of Minor wave X is unfolding as a zigzag Elliott Wave structure where Minute wave ((a)) ended at 1.1048, Minute wave ((b)) ended at 1.0992, and Minute wave ((c)) of X ended at 1.1066. A zigzag is […]

EURUSD short-term Elliott Wave analysis suggests that the bounce to 1.1747 high ended Minor wave 2. Down from there, Minor wave 3 ended at 1.1299 low. The internals of that decline unfolded as impulse structure with lesser degree cycles are showing sub-division of 5 waves structure lower in it’s each leg lower i.e Minute wave ((i)), […]

USDNOK short-term Elliott wave view suggests that the pullback to $8.1165 low ended Minute wave ((ii)). Up from there, the rally higher is taking place as Elliott wave impulse structure where Minute wave ((i)), ((ii)) & ((iii)) unfolding in 5 waves structure & wave ((ii)) & ((iv)) are expected to unfold in 3 swings corrective sequence. […]