Elliot waves

April started with a bang. The market is showing some considerable signs of increasing volatility, which could be quite sudden some of the times, not to mention surprising. Over the past few weeks there’s been a series of events, some… Read More

Monthly: Far too early to tell but USDJPY is possibly forming a bullish reverse Head and Shoulders pattern. A break of the neckline at 127.25 is needed to confirm the breakout. We have seen a reaction higher from the 50% pullback level of… Read More

Dollar Index (DXY) current Wave Count and labeling of the Corrective Structure points towards a possible Double Three scenario, in which DXY could be poised for further weakness ahead. The screen-shot below contains an in-depth view and… Read More

Mapping The Market Elliot Wave analysis is a form of technical analysis developed by R.N Elliot which blends traditional technical analysis with market psychology. The analysis asserts that the way in which crowd behaviour manifests itself… Read More

First, let's revise the  Weekly technical analysis: The current Cable’s rally is rather a function of weaker dollar than a stronger Sterling. There is nothing bullish about UK economy at the moment. This rally, in my opinion, has no… Read More

The last six months have seen USD/JPY fall lower and lower like there is nothing that could stop it. The rallies have been stunted and short-lived, and the declines have been cliff dives! The Japanese central bank and the Government have… Read More