AUDJPY Rallies From The Blue Box
AUDJPY reacts at the bue box area The 1 hour AUDJPY chart below is from 3/26/2021. The pair reached the blue box down from the blue wave (3) peak. In blue wave (4), the pair subdivided into...
Tag: FOREX
EURCAD Reacts Lower After Findings Bears In The Blue Box
EURCAD Found sellers in the blue box, and reacts lower. The 1 hour EURCAD chart below is from 3/23/2021 Asia update. In it, we see continuation of clear impulse wave in black wave ((iii)) down from the blue wave...
AUDJPY : Bullish Market Patterns Calling the Move Higher
On March 8 2021 I posted on social media @AidanFX “AUDJPY LONG at 83.40 Stop Loss at 82.77 Target 84.03 – 84.34 area.” and “AUDJPY 2nd LONG at 83.43 Stop Loss at 83.12 Target 83.74 – 84.03...
The $GBPCHF Long Term Cycles & Swings
The $GBPCHF Long Term Cycles & Swings 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 the...
The $EURGBP Longer Term Cycles & Elliott Wave
The $EURGBP Longer Term Cycles & Elliott Wave Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark up until...
GBPUSD Elliott Wave : Buying The Dips At The Blue Box Area
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD, published in members area of the website. GBPUSD is another Forex pair that we have been...
EURNZD : Bearish Market Patterns Signalling the Move Lower
On February 12/2021 EURNZD was showing bearish market patterns that was signalling traders that there was a high probability that the pair could make a move lower. The pair has been trending and moving lower since the...
EURJPY : Rallied Higher as Expected
On February 7/2021 I published an article calling for EURJPY to advance higher -> EURJPY : Expecting More Upside . In that article I explained why I entered the first BUY entry (green) at 126.22. In that same...
Risk Appetite Bolster Yen Pairs
The Japanese Yen is weak against all other most-traded currencies, demonstrating market sentiment favoring riskier currencies. Japanese Yen is traditionally considered as safe haven currencies, and it tends to appreciate when there’s risk aversion in market. The...
Elliott Wave View: Further Upside in USDJPY
Short Term Elliott Wave View in USDJPY suggests the rally from January 6 low is unfolding as a zigzag Elliott Wave structure. Up from January 6 low, wave A ended at 104.39 and wave B pullback ended...