ELLIOT WAVE UPDATE: GBP/USD moved nicely as expected

In our previous post about GBP/USD, we said that the pair has two more baby waves to complete the subwave (c). Market has proved us right, and Cable looks good to go futherdown towards 1.9841. Maybe, this level will not be hit if the correction has completed. The pair are much driven by the EUR/GBP pair, where we can see Euro strengthen against Cable tremendously after taking a long consolidation. So, in the next move, IF the corrective moves has completed, we might see another 5 waves up. Today, we will see 3 Fundamental News Coming up for Cable.

Currency

Impact

Forecast

Previous

4:30pm	GBP	CPI y/y		1.9%	1.9%
4:30pm	GBP	Core CPI y/y		1.8%	1.7%
4:30pm	GBP	RPI y/y		3.9%	3.8%

(source: www.forexfactory.com)

** Times are in Malaysian Time (GMT +8)

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: Zooming out to a larger Time Frame

NZD/USD


















USD/CAD

















EUR/USD

















GBP/USD














AUD/USD

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: USD/CHF are unique

We find it very hard to do a detailed waves count on USDCHF. Although we found out a clear waves pattern as seen on the charts, but for us that's not good enough, because we are uncertain whether the current Impulsive Waves (i) until (v) are inside the larger degree of Wave (I), (III), (V), (A) or (C)? That's our main problem of this pair. Why is that so, because at 4-hours chart, the pair looks choppy. But, in finding the price direction, we must only follow what we see, not what we think. Meanwhile, we can ignore the larger degree Waves until we really discover it. Now, from what we can see, current price movement suggests that USDCHF has one more correction phase to go, the wave (c). It is expected to be an Impulsive of 5-waves up.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: Improving the Wave Count on GBP/USD

Previously, in our past counting suggest that Cable are on the 3rd Wave. But, on Friday Cable went down and overlapped the Low of so-called wave (i). After revising the charts heavily, we found out that Cable still in the Wave (II). There are two more baby waves of wave (c) in progress to complete the 2nd Wave cycle.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: Improving the Wave Count on USD/CAD

Previously, we predict that USDCAD have one final wave (C) to complete the corrective waves. But, current movement proved us wrong, and USDCAD are currently looking impulsive on the way to parity. The huge downwards moves are much driven by the increasing price of oil. Whereas, Canada is the biggest exporters of Crude Oil to United States.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: EUR/USD to complete the 3rd Wave Cycle?

Current Situation

EURUSD moves nicely in upward direction. There are two possibilities

1) EURUSD are in the extended wave of wave (III)

2) EURUSD has completed the wave (III) and are now looking for a retracement of wave (IV)

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: Improving the Wave Count on USD/JPY

From our previous Wave Count on USDJPY, we predict that the pair has one more wave down to complete the cycle. But, after revising the charts, the movement upwards which saw the labeled 'wave (iv)' has retraced into the wave (i) territory which is invalid to the wave principle. Actually, the pair has completed the 5 waves down earlier. Now, it is expected that USDJPY are on the 3rd Wave cycle.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team