The term ‘price channel’ refers to a special graphical tool used by Forex traders to make buying and selling decisions. On the one hand, it is quite a complex tool, because the data it provides is influenced...
USDCAD broke below 1.3264 support. Further decline is still possible after a minor consolidation and next target would be at 1.3150 area. Near term resistance is at 1.3300, as long as this level holds, the downtrend will...
USDJPY’s downward movement from 111.57 extended to as low as 108.81. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90, as long as this...
AUDUSD broke above 0.7514 resistance, indicating that the downward movement from 0.7679 had completed at 0.7473 already. Further rise could be expected and next target would be at 0.7570, followed by 0.7600. Support levels are at 0.7500...
GBPUSD is facing 1.2557 resistance, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2670 area. On the downside, as long as 1.2557 resistance holds, the...
EURUSD broke above the resistance of the descending price channel on 4-hour chart, indicating that the downtrend from 1.0905 had completed at 1.0569 already. Further rise could be expected and next target would be at 1.0700 area....
A forex trader must master many analysis techniques and strategies to trade successfully. Studying chart pattern is one of the most common practices in Forex trading. These charts give reliable entry and exit points for the potential...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of AUDJPY . We’re going to explain the structure and see how we forecasted the path. The...
In this Technical blog we are going to take a quick look at the past 1 hour Elliott Wave performance of AUDCAD cycle from March 20 peak (1.0332), which we presented to our clients at elliottwave-forecast.com We are going...
Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute...
