EURUSD Daily Analysis – July 14, 2020
EURUSD extended its upside movement from 1.1184 to as high as 1.1375. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...
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Microsoft ($MSFT ) Forecasting The Rally After Elliott Wave Zig Zag
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Microsoft Stock ($MSFT). As our members know, MSFT has been showing bullish impulsive sequences within the cycle...
Pound Sterling Gains from Positive Brexit Headlines
British Pound Sterling gained last week against major currencies as positive headlines on Brexit negotiations start to trickle. The chart below shows the gain of Pound Sterling against some major currencies: One of the positive developments came...
USDCAD Daily Analysis – July 13, 2020
USDCAD broke above 1.3623 resistance, suggesting that the downside movement from 1.3715 had completed at 1.3490 already. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a...
USDJPY Daily Analysis – July 13, 2020
USDJPY remains in the downtrend from 108.16. 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 106.00...
AUDUSD Daily Analysis – July 13, 2020
AUDUSD moved sideways in a trading range between 0.6921 and 0.7000. As long as 0.6921 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.6832 and further rise to 0.7500 area is...
GBPUSD Daily Analysis – July 13, 2020
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2251. As long as the channel support holds, the upside movement could be expected to continue and next target would...
EURUSD Daily Analysis – July 13, 2020
EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.1184. As long as the channel support holds, the pullback from 1.1370 could be treated as consolidation for the uptrend...
Last chance to get a free trading course from Elliott Wave International
Through July 14, you can watch a popular online trading course from Elliott Wave International’s online library: “How to use Trendlines to Spot Reversals and Ride Trends” The course instructor is Jeffrey Kennedy, one of their best...
Elliott Wave View: Oil Looking To Break Higher
Light Crude Oil 45 minutes chart below shows that the commodity has ended wave (2) pullback at 37.09 low. From there, the commodity extended higher, with the rally unfolding as a diagonal Elliott Wave structure. Up from that...