Canadian Dollar had a relief rally last week after the U.S. excluded Canada and Mexico from steel and aluminum tariffs. President Trump’s administration enacted these tariffs under section 232 Trade Expansion Act of 1982 on the ground of national security. President Trump said that the importation of steel and aluminum was “in such quantities and […]

In this short blog, we will have a look at a past Elliott wave short-term structures of the EURJPY presented to members last month. In the chart below, you can see the 1 hour new York midday update presented to members on the 02/26/18. Calling for a double correction in Minor Red W-X-Y. EURJPY shorter […]

Short Term USDJPY Elliott Wave view suggests that the rally to 107.9 ended Minor wave X. Pair is expected to resume lower while bounces stay below this level. Down from Minor wave X at 107.91, Minor wave Y is in progress as a double three Elliott Wave Structure. Minute wave ((w)) of Y ended at 105.23 […]

Hello fellow traders.  In this technical blog we’re going to take a look at the past Elliott Wave charts of  GBPCAD published in members area of the website.  As our members know, GBPCAD have had incomplete bullish sequences in the 1 Hour cycle, suggesting further rally.  Consequently, we advised clients to avoid selling the pair […]

Since the US Dollar trades freely in the 1970s, on average it has rallied and declined in a period of 7.5 years. The chart below shows short term and long term US Dollar cycle: Short Term and Long Term US Dollar Cycle From the chart above, we can see that since 1970s, the cycle in […]

Short Term CADJPY Elliott Wave view suggests that the decline from 1/5/2018 high (91.58) is unfolding as an impulse Elliott Wave Structure where Minor wave 1 ended at 87.785, Minor wave 2 ended at 89.439, Minor wave 3 ended at 84.468, and Minor wave 4 ended at 85.24. Minor wave 5 remains in progress as […]