Commodity markets have always been a lucrative investment option for a lot of people. Since they offer an annualised return of around 18-24%, they are becoming a preferred source of investment for investors. Since the commodity market...
By Elliott Wave International The Elliott wave model has helped investors catch market turns for eight decades. As Frost & Prechter’s Wall Street classic book, Elliott Wave Principle, says: The Wave Principle is the best forecasting tool...
After touching the support of the bottom trend line of the bullish price channel on the daily chart, USDCAD rebounded from 1.3387. However, the price action of the rebound is likely consolidation of the short term downtrend...
USDJPY is in uptrend from 108.13, the pullback from 114.36 is likely correction of the uptrend. Near term resistance is at 112.12, as long as this level holds, the correction pullback could be expected to continue, and...
AUDUSD is now in uptrend from 0.7328, the fall from 0.7517 could be treated as correction of the uptrend. Near term resistance is at 0.7517, a break of this level could bring price to the next resistance...
GBPUSD is facing the key support at 1.2756. A breakdown below this level will indicate that the upward movement from 1.2109 had completed at 1.3047 already, this could trigger another fall to test 1.1946 support. On the...
EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.1285. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish move could be expected...
EURUSD might be forming a double bottom pattern on its weekly chart. The first bottom is at the March 2015 low of 1.0462, the second bottom is at the January 2017 low of 1.0340, and the neckline...
“That time still lies ahead, but it is coming.” – Robert Prechter says on the first page of his Elliott Wave Theorist. The major market Bob refers to could be the opportunity of a lifetime. And the...
USDCAD is facing 1.3540 resistance. A break of this level will indicate that the bearish movement from 1.3793 had completed at 1.3387 already, then the following bullish movement could bring price towards 1.3800. On the downside, as...
