EUR/USD are now in the 5th Wave and we saw the pair hit the record high on Friday (GMT +8). After being so bullish, EURUSD got exhausted and looking for retracement in short term.
GBP/USD on the journey to 2.0310?
Cable is so much left behind among the other pairs. In our previous post, we said that the pair are much affected by the EURGBP movements. Cable is currently trying to 'catch up' and the EURGBP pair are currently looking for retracement after being bullish for 1 week.
USD/CAD hit parity after 3 decades
Canadian Dollar hits 30 years record high agaisnt it US Dollar counterpart on Thursday (GMT +8) at 99.95 cents. USDCAD are being bearish tremendously since 2002 as Oil prices keep rising. In Elliot Wave view, the pair look to have completed the 3rd Wave and will be looking for retracement in short term.
AUD/USD are back on track
Australlian Dollar are 'back on its track' as we can see it's been bullish against its US Dollar counterpart. The pair are much driven by the Gold's prices, as we can see Gold also hit record high at US$740/oz. AUDUSD has one more wave to complete the 3rd Wave cycle, and then will be looking for a retracement.
NZD/USD looking for a short term retracement
Just like AUDUSD, New Zealand Dollar is also being bullish as carry trades are 'back on track'. New Zealand is currently offering the highest Interest Rates at 8.25%. The pair move 'almost' the same like AUDUSD. In Elliott Wave view, NZDUSD has two more waves to complete the 3rd Wave, and then will look for a retracement.
EUR/JPY heading to 163.43?
Currently, EURJPY rests at 162.73 area. As we can see, the chart is forming a Diagonal Triangle. In Fibonacci view, they are expected to hit 163.43, that would be 70 pips more to go. In Elliot Wave view, the pair look to be in Extended 3rd Wave.
GBP/JPY: Still in corrective phase?
Just like GBPUSD, GBPJPY are also being 'left behind' among other pairs. Absolutely, the pair are also so much affected by the EURGBP pair. The worst case, GBPJPY look choppy and we can yet see the breakout moves. As we can see, the chart has formed a triangle. In Fibonacci view, if the pair can break 234.26 level, we probably can see it hit 237.24 next week. In Elliot Wave view, if GBPJPY moves as expected in Fibonacci view, then we can say the pair has 'start the engine' and heading to north.
To Our Success,
Elite Bisnes Team
GBP/USD on the journey to 2.0310?
Cable is so much left behind among the other pairs. In our previous post, we said that the pair are much affected by the EURGBP movements. Cable is currently trying to 'catch up' and the EURGBP pair are currently looking for retracement after being bullish for 1 week.
USD/CAD hit parity after 3 decades
Canadian Dollar hits 30 years record high agaisnt it US Dollar counterpart on Thursday (GMT +8) at 99.95 cents. USDCAD are being bearish tremendously since 2002 as Oil prices keep rising. In Elliot Wave view, the pair look to have completed the 3rd Wave and will be looking for retracement in short term.
AUD/USD are back on track
Australlian Dollar are 'back on its track' as we can see it's been bullish against its US Dollar counterpart. The pair are much driven by the Gold's prices, as we can see Gold also hit record high at US$740/oz. AUDUSD has one more wave to complete the 3rd Wave cycle, and then will be looking for a retracement.
NZD/USD looking for a short term retracement
Just like AUDUSD, New Zealand Dollar is also being bullish as carry trades are 'back on track'. New Zealand is currently offering the highest Interest Rates at 8.25%. The pair move 'almost' the same like AUDUSD. In Elliott Wave view, NZDUSD has two more waves to complete the 3rd Wave, and then will look for a retracement.
EUR/JPY heading to 163.43?
Currently, EURJPY rests at 162.73 area. As we can see, the chart is forming a Diagonal Triangle. In Fibonacci view, they are expected to hit 163.43, that would be 70 pips more to go. In Elliot Wave view, the pair look to be in Extended 3rd Wave.
GBP/JPY: Still in corrective phase?
Just like GBPUSD, GBPJPY are also being 'left behind' among other pairs. Absolutely, the pair are also so much affected by the EURGBP pair. The worst case, GBPJPY look choppy and we can yet see the breakout moves. As we can see, the chart has formed a triangle. In Fibonacci view, if the pair can break 234.26 level, we probably can see it hit 237.24 next week. In Elliot Wave view, if GBPJPY moves as expected in Fibonacci view, then we can say the pair has 'start the engine' and heading to north.
THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.
Elite Bisnes Team
