Elliott Wave View: Impulsive Rally in EURUSD
EURUSD 1 hour chart below shows that the pair has ended the cycle from July 1 low in wave ((i)) at 1.1467 high. The dip in wave ((ii)) then ended at 1.1399 low. From there, the pair...
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This Chart Foretold Wirecard’s Collapse — Two Years Ago
By Elliott Wave International “Catastrophic Failure” — June 18 CCN “Swift, Spectacular Implosion” — June 25 Alijazeera.com “Doomsday” — June 18 Seeking Alpha These are a few descriptions for Munich-based Fintech firm Wirecard, whose recent epic fall...
USDCAD Daily Analysis – July 24, 2020
USDCAD’s downside movement from 1.3715 extended to as low as 1.3350. 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...
USDJPY Daily Analysis – July 24, 2020
USDJPY broke below 106.64 support, suggesting that the downside movement from 108.16 has resumed. Further decline could be expected and next target would be at 106.00 area. Resistance is located at the falling trend line on the...
AUDUSD Daily Analysis – July 24, 2020
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6832. As long as the trend line support holds, the upside movement could be expected to continue and next target...
GBPUSD Daily Analysis – July 24, 2020
GBPUSD extended its upside movement from 1.2251 to as high as 1.2772. Further rise would likely be seen and next target would be at 1.2900 area. Near term support is at 1.2640, a breakdown below this level...
EURUSD Daily Analysis – July 24, 2020
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1184. As long as the trend line support holds, the upside movement could be expected to continue and next target...
Square Inc. ($SQ), Larger degree top looms
The Corona Virus has had its toll on the marketplace in general. But some select names have rallied sharply off the March 2020 lows, Square is one of those names. Square has rallied from a low of...
Elliott Wave View: Tesla (TSLA) Aiming for All-Time High
TSLA 30 minutes chart below shows that the stock has ended pullback from July 13 high in wave (4) at 1431.30 low. The correction unfolded as zig-zag Elliott Wave Structure. Wave A ended at 1450 low, wave...
USDCAD Daily Analysis – July 23, 2020
USDCAD extended its downside movement from 1.3715 to as low as 1.3399. Further decline is still possible after a minor consolidation and next target would be at 1.3300 area. Near term resistance is at 1.3485, a break...