EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), and...
You want your portfolio to make it through this crisis in one piece. Maybe even gain, if at all possible. But the opinions you’re hearing are all over the map. There is no precedent in modern investment history....
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of BABA stock, published in members area of the website. As our members know, BABA has been reacting...
The decline in Pound Sterling from 4.15.2020 high is unfolding as a 5 waves impulsive Elliott Wave structure, Down from 4.15,2020 high, wave 1 ended at 1.2245 and bounce in wave 2 ended at 1.2643. Wave 3...
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. A break of the trend line resistance could trigger further upside movement towards 1.4350 area. Near term support is at 1.4000, below this...
USDJPY’s fall from 107.76 had completed at 106.74 already. Another rise to test 108.08 resistance would likely be seen in the coming days, a break of this level could take the price to 109.00 area. Near term...
AUDUSD broke below the rising price channel on the 4-hour chart. Deeper decline to test 0.6372 support is possible, a breakdown below this level would indicate that the upside movement from 0.5507 (Mar 19 low) had completed...
GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.2642. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
EURUSD broke below the rising price channel on the 4-hour chart, suggesting that the downside movement from 1.1018 has resumed. Further decline could be expected in the coming days and next target would be at 1.0700 area....
$FXY Elliott Wave & Longer Term Cycles Firstly the $FXY instrument inception date was 2/12/2007. The instrument tracks changes of the value of the Japanese Yen versus the US Dollar. There is plenty of data going back...
