USDCAD Daily Analysis – July 30, 2020
USDCAD remains in the downtrend from 1.3715. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.3200...
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USDJPY Daily Analysis – July 30, 2020
USDJPY extended its downside movement from 107.53 to as low as 104.77. Further decline would likely be seen and next target would be at 104.00 area. Near term resistance is at 105.50, a break of this level...
AUDUSD Daily Analysis – July 30, 2020
AUDUSD broke above 0.7182 resistance, suggesting that the uptrend from 0.6832 has resumed. Further rise could be expected in the coming days and next target would be at 0.7300 area. Near term support is at 0.7100, a...
GBPUSD Daily Analysis – July 30, 2020
GBPUSD stays above a rising trend line on the 4-hour chart, and remains in the uptrend from 1.2479. As long as the trend line support holds, the upside movement could be expected to continue and next target...
EURUSD Daily Analysis – July 30, 2020
EURUSD extended its upside movement from 1.1184 to as high as 1.1806. Further rise is still possible after consolidation and next target would be at 1.1900 area. Near term support is at 1.1695, a breakdown below this...
Elliott Wave View: Tesla (TSLA) Ended Correction
Tesla (TSLA) 30 minutes chart below shows that the stock has ended the correction from July 13 peak. The decline unfolded as a zig-zag Elliott Wave Structure. From July 13 high, wave A ended at 1450 low. The...
AUDJPY Incomplete Sequence Targeting Higher
In this blog, we are going to take a look at the Elliott Wave chart of AUDJPY. The Daily chart update below shows that the pair has continued to extend higher from March 19, 2020 low. The...
Break to New All-Time High in Gold Confirms Bullish Market
Gold has finally broken to a new record high this week, confirming the secular bull market has resumed. We know it’s a matter of time as it has made a new all time high to almost all...
Why Commercial Real Estate is Set to Get Slammed
By Elliott Wave International Commercial real estate investors are in an especially precarious position should another financial crisis unfold. A July 18 Marketwatch article titled “The open secret in commercial real estate is that owners regularly take...
Elliott Wave View: Hang Seng Index Correction In Progress
Hang Seng 15 minutes chart below shows that the index has extended lower from July 7 peak. The decline is unfolding as a double three Elliott Wave Structure. From July 7 high, wave W ended at 25570.36 low....