USDCAD double-three correction almost complete

The ongoing USDCAD corrective structure warrants some attention, as it may be reaching the end of it’s course. Although the Cycle degree could extend for another phase making it a triple-three, it seems highly unlikely, considering the elapsed time of the correction so far. However, there may be another final component in the making in order to complete …

NZDUSD – Possible bullish Cypher in the making

NZDUSD has an interesting forecast with a possible bullish Cypher pattern in development. The current price level is also at the 50% retracement of the previous bullish impulse. Although the current expectation is for the next bullish impulse, the continuation of the current bear wave is also a possibility. Possible bullish Cypher Why should anyone expect …

Forget about safe haven, JPY is all set to go down

Yen weakness contrary to expert opinion? Safe haven has been the buzz word among traders, specially after the Brexit polls. Gold, silver, other precious and non-precious metals, commodities and the Japanese yen were supposed to be ‘safe haven’ instruments. Just one month after the Brexit polls, JPY is looking extremely bearish. May be the “people” were referring …