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AUDJPY Is Looking Bullish – Elliott wave analysis
December 6th, 2020
AUDJPY is trading bullish, up from March of 2020. We specifically see a completed five-wave cycle in wave A) at the 78.44 level, which was then followed by a probable completed corrective wave B), at the 73.12 level. Price ...
AUDUSD Expects to See More Upside Activity – Elliott wave analysis
November 26th, 2020
On the 4h chart of AUDUSD we can see market trading in a bullish price move, commonly named an impulse. An impulse is a five-wave move, that trades into the direction of the stronger trend (in our case to ...
Dollar loses ground, pound gains as traders eye Brexit talks
November 16th, 2020
The dollar lost ground against other major currencies on Monday, while the pound and the euro drew strength from signs that Britain and the European Union could make progress negotiationg a post-Brexit trade deal. Sentiment across markets were mixed, ...
Hacker steals $24 million from cryptocurrency service
October 29th, 2020
A hacker has stolen roughly $24 million worth of cryptocurrency assets from decentralized finance (DeFi) service Harvest Finance, a web portal that lets users invest cryptocurrencies and then farm the price variations for small profit yields. The hack took ...
Bears Underway on EURAUD – Elliott wave analysis
October 7th, 2020
EURAUD is bearish, however, sideways price activity since June of 2020 can be part of a corrective pause within a bigger trend. We are talking about a complex, W)-X)-Y) pattern in 4, where price can look for resistance at ...
Bulls Taking AUDUSD Higher – Elliott wave analysis
September 22nd, 2020
AUDUSD is trading bullish since 0.551 level, when a bigger, bearish trend found a low. We now see an impulsive price action underway, where price can be only reversing for a pullback from the highs. We are talking about ...
Breakout Of A Triangle On USDMXN
September 15th, 2020
In this analysis we will talk about a triangle pattern. Those who are familiar with them, will know that these are one of the most popular patterns by hundreds of traders. The reason why they are so interesting is ...
AUDJPY and NZDJPY Elliott wave Updates
September 4th, 2020
AUDJPY has been trading bullish since March of 2020, when a low was put in place. We can see that price unfolded a five-wave reversal labelled as higher degree wave A), which can now be showing first signs of ...
USDMXN Eyeing 20.6/20.3 Zone – Elliott wave analysis
September 1st, 2020
USDMXN found a high at the 25.775 level and started turning lower. We are now observing a minimum, three-wave bearish reversal underway, where price is currently unfolding final stages of an impulse in wave III) or C). We ...
NZDJPY Eyeing 73.6/74.2 Zone
August 31st, 2020
NZDJPY is similar to AUDJPY recovering; we see NZDJPY breaking out of a corrective channel, which is a confirmation that wave 4 of a higher degree wave A is completed at 68.71 level, and that wave 5 is underway. ...