Whether you’re new to trading or a veteran, spotting the ripe trading opportunities on your charts can be a daunting task. Our friends at Elliott Wave International (EWI) have discovered the best strategy is often the simplest....
USDCAD extended its downside movement from 1.3124 to as low as 1.2756. Further decline is still possible in the coming days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only...
USDJPY is now facing 107.01 resistance, a breakout of this level could signal resumption of the uptrend from 104.63, then further rise to test 107.90 resistance could be seen. Support is at 105.65, only a breakdown below...
AUDUSD broke above 0.7710 resistance, suggesting that lengthier consolidation for the downtrend from 0.7916 is underway. Further rally is possible and the target would be at 0.7760 area. Support is at 0.7642, only a breakdown below this...
GBPUSD’s bounce from 1.4008 extended to as high as 1.4096. Resistance is at 1.4150, as long as this level holds, the bounce could be treated as consolidation for the downtrend from 1.4244, and a breakdown below 1.4008...
EURUSD is facing 1.2239 support. A breakdown below this level could trigger further downside movement towards 1.2155. Resistance is at 1.2345, above this level would suggest that the short term downtrend from 1.2476 is complete, then another...
The new wave of volatility is wreaking havoc on tech stocks. The tech fear gauge, NYSE’s Fang+ (comprising of Facebook, Apple, Amazon, Netflix, Google) just hit a 13-year high! Is this the start of something bigger —...
USDCAD broke below 1.2803 support, suggesting that the downside movement from 1.3124 has resumed. Further decline could be expected in a couple of days and next target would be at 1.2650 area. Resistance levels are at 1.2860...
USDJPY remains in the short term uptrend from 104.63, the fall from 107.01 is likely correction for the uptrend. Another rise to test 107.29 resistance is possible and a break of this level could take price to...
No changed in our view, AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7642 support could...
