$CADJPY Elliott Wave view suggests that the decline from 1.5.2018 high (91.58) is unfolding as a 5 waves impulse Elliott Wave structure. Minor wave 3 of this impulsive move ended at 81.36 on 3.5.2018 and Minor wave 4 ended at 83.51 on 3.12.2018. While bounces stay below 83.51, pair now has scope to extend lower to […]

In this blog, we will take a look at CADJPY Elliott Wave View in the short-term. Rally from 81.36 (3/5/2018) to 83.51 (3/11/2018) was a double zig-zag Elliott wave structure where wave ((w))was sub-divided as (a)-(b)-(c) and ended at 82.56, wave ((x)) ended at 81.39 and wave ((y)) was also sub-divided as (a)-(b)-(c) and completed […]

USDCAD Short Term Elliott Wave view suggests the rally from 1/31 low (1.2247) remains in progress as a triple three Elliott Wave Structure. A triple three is labelled as WXYZ and each leg in this structure is corrective, so we have 3-3-3-3-3 structure. Up from 1.2247, Intermediate wave (W) ended at 1.2689, Intermediate wave (X) […]

Hello fellow traders.  Another pair we have traded lately is AUDCAD. As our members know, AUDCAD is having incomplete bullish sequences in the 1 Hour cycle and suggesting further rally. Due to incomplete structure the pair is targeting 1.0212+ area according to Sequence Report.  Consequently, we advised clients to avoid selling the pair and keep […]

Short Term Elliott wave View suggests USDJPY is correcting cycle from 2/2 peak (110.5) as an Expanded Flat Elliott Wave Structure. Flat is a corrective Elliott Wave structure with ABC label, and  it has a subdivision of 3-3-5. In the case of USDJPY, Minor wave A ended at 197.9 on Feb 21 and Minor wave […]

Since all time high in December 2017, Bitcoin BTCUSD ( Value in US Dollar ) dropped 70% before finally bottoming around $6590 on the 6th of February 2018. The big decline drove fear into the digital market as many new investors / traders lost their money during that period so they decided to stay away […]