AUDUSD Short Term Elliott Wave view suggests that Primary wave ((W)) ended at 0.7731 on October 6th low. Up from there, Primary wave ((X)) is currently unfolding as a double three Elliott Wave structure. Intermediate Wave (W) of...
The USD/JPY pair shot higher during the day on Wednesday, using the 112 level as support. With the impulsive move, I think that the US dollar is ready to continue to go higher, and that this move...
The US dollar initially tried to rally on Wednesday, bouncing from the 1.25 level. However, we turned around and fell rather significantly, perhaps helped by a stronger than anticipated drop in US inventories in the crude oil...
The GBP/USD pair fell initially during the trading session on Wednesday, slicing through the 1.3175 level, but has found a bit of support. Because of this, I think we are going to bounce and go looking towards...
The EUR/USD pair fell on Wednesday, reaching down towards the 1.1740 level, then bouncing enough to form what looks to be a hammer for the day. If we can break out to the upside, and especially the...
The Australian dollar initially fell during the day on Wednesday, testing the 0.7820 level again as we did on Tuesday. This is an area where buyers are starting to come back into the market at, but I...
EURAUD recently broke out of its symmetrical triangle formation on the daily time frame to indicate that bullish momentum is getting stronger. Price reached a high of 1.5246 before turning back down for a retest of the...
An ending diagonal is a type of impulsive motive wave in Elliott Wave Theory that will be found in the subdivision of fifth waves or whole C waves in a structure. An ending diagonal C wave or 5th wave...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Copper published in members area of www.elliottwave-forecast.com. In further text we’re going to count the swings, explain...
In the aftermath of Brexit vote, Bank of England (BOE) had cut the cost of borrowing to a new record low of 0.25% in order to support the economy. At the same time, Poundsterling slumped against other...
