Elliott Wave View: Dips in USDCAD Should Find Buyers

by elliottwave-forecast.com | June 30, 2020 3:28 pm
USDCAD 45 minutes chart below shows that the pair has ended 3 wave pullback from June 15 high in wave 2. The pullback unfolded as double three Elliott Wave structure and ended at 1.3482 low. Afterwards, the...

GBPJPY Forecasting The Decline After Elliott Wave Flat

by elliottwave-forecast.com | June 29, 2020 1:16 pm
In this technical blog we’re going to take a look at the Elliott Wave charts charts of GBPJPY published in members area of the website. Recently the pair corrected the cycle from the 139.7 peak , when...

GBPUSD : Market Patterns Signalling the Move Lower

by elliottwave-forecast.com | June 29, 2020 1:15 pm
On June 16 2020 I posted on social media Stocktwits/Twitter @AidanFX  “GBPUSD watching for SELLS”.  The chart below was also posted on social media StockTwits/Twitter @AidanFX June 16 2020 showing that a bearish market pattern (blue) formed...

Elliott Wave View: Gold Extends Higher

by elliottwave-forecast.com | June 23, 2020 2:40 pm
Gold (XAUUSD) shows a higher high sequence from 6.5.2020 low favoring further upside. Up from 6.5.2020 low, the precious metal extended higher in wave 1 as 5 waves impulse Elliott Wave Structure. The rally in wave 1...

Bullish Sequence in EURGBP Favors More Upside

by elliottwave-forecast.com | June 22, 2020 4:10 pm
Pound Sterling declined against a basket of currencies last week after a series of negative news. First of all, Bank of England (BOE) decided to increase quantitative easing by £100BN, putting pressure to Pound Sterling. Secondly, the deadlock...

Elliott Wave View: EURJPY Can See More Downside

by elliottwave-forecast.com | June 18, 2020 3:33 pm
Elliott Wave View in EURJPY suggests the decline from 6.1.2020 high is unfolding as a 5 waves impulse Elliott Wave structure.  Down from 6.1.2020 high, wave 1 ended at 120.23 as an impulse. Afterwards, the bounce in...

GBPUSD : Spotting and Trading Confluence Zones

by elliottwave-forecast.com | June 15, 2020 3:20 pm
The GPBUSD pair last week formed a temporary top and reversed lower. Towards the end of the trading week GBPUSD made  lower lows and lower highs signalling the pair was in a downside trend. Traders use confluence...

$GBPCHF FX Pair Swings & Long Term Cycles

by elliottwave-forecast.com | June 8, 2020 3:53 pm
$GBPCHF FX Pair Swings & Long Term Cycles Firstly as seen on the monthly chart below there is data back to the early 1970’s readily available in the pair. It obviously had a central bank intervention during...

EURCAD Forecasting The Decline After Elliott Wave Zig Zag

by elliottwave-forecast.com | June 8, 2020 3:53 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURCAD.   As our members know, recently the pair gave us 3 waves bounce against the 1.53878 peak....

Elliott Wave View: EURUSD in Impulsive Rally

by elliottwave-forecast.com | June 4, 2020 4:35 pm
Short Term Elliott Wave view in EURUSD suggests cycle from 5.14.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.14.2020 low, wave 1 ended at 1.1 and pullback in wave 2 ended...