Under the Elliott Wave Theory, the corrective phases that can initiate a trend reversal consist of two waves: A and C. These waves tend to move in the opposite direction of the motive or impulse ...
The Japanese Yen adds to the post-BoJ losses and drops to a five-month low against the USD. The Fed’s hawkish shift remains supportive of elevated US bond yields and undermines the JPY. A ...
The EUR/USD selloff, however, made perfect Elliott Wave sense. Two months ago, EUR/USD was approaching the 1.1200 mark. Assuming a five-wave impulse was going to form, we thought that its wave ...