GBPUSD short-term Elliott Wave analysis suggests that the decline from 7/09/2018 peak (1.3361) is unfolding as Elliott wave zigzag when Minor wave A ended in 5 waves structure at 1.2956 low. Up from there, the bounce to 1.3214 high ended Minor wave B. The internals of that bounce unfolded as a Double three structure where […]

Poundsterling Slumped after Rate Hike Decision The Bank of England raised benchmark interest rate to 0.75% with unanimous 9-0 vote. Poundsterling initially rallied but subsequent press briefing reversed those early gains. Despite the uncertainty in Brexit talks, BOE policy makers went ahead with the rate hike due to mounting price pressure. Governor Mark Carney suggested […]

USDCAD Elliott Wave Analysis and swing analysis suggests pair is showing 5 swings up from 9.8.2017 low. Impulsive sequence runs in 5, 9, 13, 17 and so on whereas corrective sequence runs in 3,7,11,15 and so on. Daily chart below shows the move up from 9.8.2017 low is overlapping and hence it’s corrective in natures […]

In this technical blog we’re going to take a quick look at the past Elliott Wave charts of GBPCAD published in members area of the website. As our members know GBPCAD has ended the cycle from the 1.84172 peak on May 30th. Proposed cycle has ended as 5 waves structure while recovery against the mentioned […]

Hello Traders, In this blog, I want to share with you our recent Elliott Wave charts of EURAUD which we presented to our members. Below, you see the 1-hour updated chart presented to our clients on the 07/26/18 suggesting that EURAUD ended the correction from 07/20 peak in red wave 2. EURAUD ended the cycle from 07/19 low […]

Bitcoin Ticker symbol: $BTCUSD short-term Elliott wave analysis suggests that the decline to $6072 low ended Minor wave 2 pullback. The internals of that pullback unfolded as Elliott wave Flat correction where Minute wave ((a)) ended in 3 swing at $6445.31 low. Minute wave ((b)) bounce ended in 3 swing at $6820 high and Minute […]