USDCAD Elliott Wave Analysis: Corrective Wave 4

USDCAD has turned bearish last weeek from around 1.1220 where we see signs of a completed wave (v) of 3 with an ending diagonal formation at the end of extended move that typicaly confirms a bearish reversal. As such, we suspect that pair is now going south or at least sideways in black wave

Continue Reading...

USDCAD Elliott Wave Analysis: Wave 3 Near Top

USDCAD has moved to a new high as expected, into the final stages of blue wave (v) that may completed a black wave 3 around 1.1200 figure. At

GBPUSD Elliott Wave Analysis: Bearish Reversal

GBPUSD reversed strongly to the downside on Friday from 1.6667 high where pair is showing signs of a top, even if just temporary. A decline from the high

Elliott Wave Analysis: EURUSD Temporary Corrective Rally In Progress

EURUSD moved higher on Friday which should not be a surprise as we know that after every five waves correction follows. We can count impulse down in red

Elliott Wave Analysis For EURNZD

On EURNZD I see five waves up in leading diagonal followed by a five wave decline from 1.6840 which is first leg of minimum three wave retracement. As

GBPUSD Price at 2009 Trendline, Be Ware Of Bearish Reversal – Elliott Wave

GBPUSD is at new highs, now above wave A 1.6255 high which means that pair is already in wave C. This wave C can be a final leg

EURUSD Within Downtrend – Elliott Wave

EURUSD has finally turned bearish after very complex and slow recovery from 1.3293 low. We believe this is a corrective move that is now showing signs of completion

EURUSD Elliott Wave: Correction Up To 1.3500 Before Down

EURUSD reversed sharply to the downside in the last few days, clearly in five waves from above 1.3800 with a daily and weekly close price beneath the channel

Euro: EURUSD Will Move Higher – Elliott Wave Analysis

EURUSD Euro (FX: EURUSD) moved nicely higher yesterday after the ECB press conference that finally sent EURUSD out of the range. As such, we believe that Euro will

German Dax and EURUSD Could Turn Bullish Very Soon –Elliott Wave Forecast

Markets gaped on Sunday, particularly against the EUR after five ministers in Berlusconi’s party have resigned from the government coalition. Stocks futures are also lower, but based on