Elliot waves

On GBPUSD, the intervening wave XX, which is a bullish zigzag, seems to have been completed.  The decline of this potential bearish impulse could lead prices down to draw primary corrective wave Ⓐ. So far, intermediate sub-waves  (1) and… Read More

Mixed trading (daily inside solders) has resulted in an Ending Wedge formation being posted. A break of support at 109.55 and the measured move target is 106.80. Read More

Here is our weekly video analysis for the FX Majors. Starting with the USD Index, we will be breaking down time-frames while highlighting what you should be looking out for this week! Read More

The charts are showing, from a technical analysis standpoint with patterns at decisive levels, that the Dollar Index (DXY) could be heading towards significant levels. USD has been enjoying an impressive bullish rally for an entire… Read More

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