By Elliott Wave International “The NASDAQ nearly doubled in the last 100 days of its rally.” This quote sounds like it’s from 2020, doesn’t it? After all, since its March bottom near 6600, the NASDAQ has rallied...
USDCAD moved sideways in a trading range between 1.3233 and 1.3458. As long as the price is in the falling price channel on the 4-hour chart, the downside movement from 1.3715 could be expected to continue, and...
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance would indicate that the downtrend from 108.16 (Jul 1 high) had completed at 104.18 already,...
AUDUSD moved sideways in a trading range between 0.7063 and 0.7242. The sideways movement is likely consolidation of the uptrend from 0.6776 (Jun 15 low), and further rise towards 0.7350 is possible after the consolidation. Key support...
GBPUSD continued its sideways movement in a trading range between 1.2980 and 1.3185. The price action in the range is likely consolidation for the uptrend from 1.2251 (Jun 29 low). As long as 1.2980 support holds the...
EURUSD is facing 1.1695 support, a breakdown below this level would indicate that the upside movement from 1.1168 (Jun 19 low) had completed at 1.1916 already, then deeper decline to 1.1450 area could be seen. Near term...
Since bottoming in January 2016 low at Copper $1.93, Copper has traded in a narrow range between $1.9 – $3.3. Earlier this year, the red metal collapsed to the lowest in more than 4 years at $1.9725....
USDCAD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.3233 could be treated as consolidation for the downtrend from 1.3715, and further...
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 108.16 (Jul 1 high). As long as the trend line resistance holds, the downtrend could be expected to resume, and...
AUDUSD remains in the uptrend from 0.6776 (Jun 15 low), the price action in the trading range between 0.7063 and 0.7242 is likely consolidation for the uptrend. As long as 0.7063 support holds, the upside movement could...
