AUDUSD has been showing resilience against any subsequent bearish market sentiment. Many of us are expecting the pair to reach back to the parity, however, volume accumulation from Money Managers are being attributed in the investors' interest in the safe-heaven like high yield currency against anything EURO.…

EURUSD complex correction just won't end easily. Whenever the pair resumes its downtrend towards the fair value, they come right back to hold it above 1.23. 

ECB, EMU, EFSF funding effort in order to subdue the banking crisis in Spain and…

EURUSD short projection from Thursday night based on Elliotwave and Volume Distribution is still in progress. As expected, the pair seemed to continue the impulse from Thursday after the Flat correction.

The alternate counts are revised for the continuation of the impulsive wave, and a…

EURUSD seemed to fail extending its gain towards 1.28 ABC correction and ended on a ABC FLAT. Yesterday's Volume with bearish sentiment kept the pair on a range until morning, and then it appears to be the beginning of a new impulse.

Under this impulsive move, we have a new structure in…

USDCAD is following the wave projection with precise technical manner. We made a projection on Jun 10 for the pair to fall all the way down to the 1.0050 area inside the ElliotWave corrective context.

The pair has been retracing from the 61.8% of the WXY correction and moving down towards…

EURUSD projection from last week is right in the money. We were short from 1.27 level and first profit target has been met for 140 pips. There is still more room to the downside as Volume Distribution continues and EMU periphery Yields continue to rise. Here is last week's projection,…

EURUSD correction has been a nasty play for the traders for the last couple of weeks. The 4th wave correction is complex and the momentum is frustrating in nature. That's why corrective wave trades are always tricky.

I have gathered possible alternate scenarios; and all options are on the…

The Short trade from my yesterday's posting ended up with a profit of over 90 pips; however, the pair continues to show Fractal like self-similar event to go short again. Here is the last analysis:

NZDUSD is running out of steam to the upside and is very near for a Short trade. Under the Elliot Wave corrective Triangle formation, we have many reasons to approach a sell trade. Aggressive traders are already short on the pair from the 0.78 level with stop above 0.7850 the 161.8%…

NZDUSD is running out of steam to the upside and is very near for a Short trade. Under the Elliot Wave corrective Triangle formation, we have many reasons to approach a sell trade. Aggressive traders are already short on the pair from the 0.78 level with stop above 0.7850 the 161.8% area. According to the Volume…

EURUSD made very unusual corrective move up from the yesterday's session low--positive sentiment in Stocks and Commodities played a key role in this move. Again, it was a 4W hourly correction inside a complex 4W correction within H4, and as always 4W corrections must be traded with caution.…

Fitch downgrades of Spanish banks and a rise in bond yields created new Bear Sentiment in the market. The sentiment is in line with the new Elliot Wave Corrective analysis of the expanding triangle ending at point e and triggered a short from 1.2460 area. Our profit target is 1.2350 area and will be watching the…

EURUSD Bull vs. Bear sentiment still continues--the Spanish bank bailout could not really trigger an extreme bullish sentiment due to the lack of Syndicate Volume Accumulation. As per Nomura - EUR and AUD at record high short positions http://bit.ly/KZnUVW…

It seems to be Loonie is not so crazy so far from its 5th wave correction beginning 1.0442 Level. The WXY correction is forming in beautiful symmetry from 61.8% retracement at 1.0350 level that can extend to the phi all the down at 1.0050 Level. Things to watch: Any of the following would trigger Alternate…