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In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NZDJPY. In which, the rally from 24 March 2023 low unfolded as an impulse sequence and showed a higher high sequence. Therefore, we knew that the structure in NZDJPY is incomplete to the upside & should extend higher. So, […]
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Strong Labor Market and High Inflation Supports Canadian Dollar
Read MoreCanadian Dollar has staged a rally recently on the back of a strong jobs report. Recent strong jobs data and high inflation likely allows Bank of Canada (BOC) to maintain a steady rate this year. BOC will have its first rate meeting this year on January 22. Canadian employment report in December shows a strong […]
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Using Market Correlation to Time The Entries
Read MoreLast year turned out to be great for GBP crosses as they managed to put in strong rallies in favor of GBP since December 2018 lows or highs. In this article, we would concentrate on two of the GBP crosses namely GBPAUD and GBPNZD because the rallies last year in these two instruments managed to […]
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10 Year T-Note Futures: $ZN_F Forecasting Elliott Wave Path
Read MoreIn this blog, we take a look at the 1 hour Elliott Wave chart performance of $ZN_F 10 Year T-Note Futures, which our members took advantage at the blue box.
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Elliott Wave View: $EURUSD Further Strength Expected
Read MoreShort Term Elliott Wave view in $EURUSD suggests that the cycle from October 1, 2019 low remains incomplete and pair can see further upside. Near term, pullback to 1.1064 on December 21, 2019 low ended wave X. Pair has resumed higher in wave Y with subdivision unfolding as a zigzag Elliott Wave structure. Wave ((a)) […]
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EURJPY Forecasting The Rally From The Blue Box Area
Read MoreIn this blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY pair. EURJPY ended short term cycle in wave ((iii)) as 5 waves rally from 11.14.2019 low at 117.05 to 12.13.2019 high at 122.66. Then, the pair pulled back to correct the cycle up from 11.14.2019 low in 3 […]
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Pound Sterling After the Tories’ Landslide Victory in UK Election
Read MoreThe UK election result pushed GBP higher after the Conservatives, led by Prime Minister Boris Johnson, won the majority in parliament with a landslide victory. This is the Tories’ biggest victory since Margaret Thatcher days. Johnson can finally get his Withdrawal Agreement Bill passed now that the Parliamentary blockage out of the way. However, getting […]