AUDUSD is now in the uptrend from 0.7807, the pullback from 0.7962 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 0.8050 area. Key support is...
GBPUSD remains in the downtrend from 1.3267, the bounce from 1.2841 is likely consolidation of the downtrend. Near term resistance is at top trend line of the price channel on its 4-hour chart. As long as the...
EURUSD extended its downside movement to as low as 1.1662. Deeper decline towards the bottom support trend line of the price channel on its daily chart is still possible. Near term resistance is at the falling trend...
By Elliott Wave International The other day, I went paddle-boarding for the first time and was struck by a familiar feeling; one that comes from, of all things, speculating in the markets. See, when your board is...
Before we get into the subject, Alphabet, Inc. is a holding company and engages in acquisition & operation of different companies and operates through the Google and Other Bets segments. The Google segment includes Internet products such...
Short term Dow Futures (YM_F) Elliott Wave view suggests that rally from 6/29 low is unfolding as a a double three Elliott wave structure. Up from 6/29 low (21138), Minor wave W ended at 22132 and pullback to 21790...
Short term USDX index Elliott Wave view suggests that the decline to 8/02 (92.54) low ended intermediate wave (3) then the rally from there is unfolding as a a double three Elliott wave structure. As the structure from the...
NZDJPY appears to be done with its tumble as price is forming an inverse head and shoulders pattern on its 1-hour time frame. Price also seems to have broken past the neckline at 80.00 to confirm that...
After breaking below the May 2016 low of 1.2460 support, USDCAD rebounded strongly from 1.2413 and moved above the bearish trend line on its daily chart. However, the bounce from 1.2413 would possibly be consolidation of the...
The US dollar rallied a bit during the day on Wednesday, going into the FOMC Meeting Minutes. We initially reached towards the 111 handle, but then pulled back to find bits of support. I think the market...
