NZDUSD has formed lower highs and higher lows on its 1-hour chart, creating a symmetrical triangle pattern. Price just bounced off support and could be due for a move back to resistance. The 100 SMA is below...
USDCAD remains in downtrend from 1.3793, the rise from 1.3641 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550 area. Resistance is at 1.3793, only...
USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom...
AUDUSD’s downward movement from 0.7555 extended to as low as 0.7328. Further decline is still possible and next target would be at 0.7280 area. Key resistance is at 0.7426, only a break above this level will indicate...
GBPUSD stays in the rising price channel on 4-hour chart and remains in uptrend from 1.2365. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be...
EURUSD broke below 1.0874 support, suggesting that the upward movement from 1.0569 had completed at 1.1021 already. The pair is now in downtrend. Further decline could be expected and next target would be at 1.0750 area. Near...
After touching the descending trend line on daily chart from 1375.11 (2016 high) to 1337.28, XAUUSD started a bearish movement from 1295.44. Now the fall extended to as low as 1214.19, facing the support of the rising...
After the bullish movement that has ran for several months, EURUSD pair is now under pressure by the descending trend line on daily chart, from 1.1616 (2016 high) to 1.1299, now at 1.1000. There is also an...
is is Elliott Wave analysis on SPX and DJUSRE (Dow Jones Real Estate Index) in which we are going to take a look if SPX can reach the 3189 area to the upside before ending the all time cycle....
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of GBP USD . In further text we’re going to take a look at the structures,count the...
