USDCAD Daily Analysis – May 13, 2020
USDCAD’s bounce from 1.3899 extended to as high as 1.4084. Further rise could be expected and next target would be at the falling trend line on the 4-hour chart. Near term support is at 1.3970, a breakdown...
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USDJPY Daily Analysis – May 13, 2020
USDJPY remains in the uptrend from 105.98, the pullback from 107.76 is likely consolidation for the uptrend. As long as 107.00 support holds, the uptrend could be expected to resume and further rise towards 109.00 is possible....
AUDUSD Daily Analysis – May 13, 2020
AUDUSD continued its sideways movement in a trading range between 0.6372 and 0.6569. As long as the price is in the rising price channel on the 4-hour chart, the sideways movement could be treated as consolidation for...
GBPUSD Daily Analysis – May 13, 2020
GBPUSD broke below 1.2265 support, suggesting that the downtrend from 1.2642 has resumed. Further decline could be expected and next target would be at 1.2100 area. Key resistance is at 1.2466, only break above this level could...
EURUSD Daily Analysis – May 13, 2020
EURUSD broke above 1.0875 resistance. Further rally would likely be seen in the coming days and next target would be at 1.1000 area. Near term support is at 1.0820, a breakdown below this level could trigger another...
Paypal (NASDAQ: PYPL) – Bullish Sequence Calling Higher
Paypal (NASDAQ: PYPL) is an American online payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Last week, PYPL broke above February 2020 peak to hit an all-time high few days...
Elliott Wave View: DAX Ended Correction and Turns Lower
Short Term Elliott Wave view in DAX suggests the rally from 3.16.2020 low ended at 11242.77 as an impulse structure. Up from 3.16.2020 low, wave (1) ended at 9145.93 and pullback in wave (2) ended at 8257.53....
Why Financial Trouble Brews on the “Home” Front
By Elliott Wave International The world has been hearing a lot about “homes” in recent months, as in — “stay there” to help halt the spread of COVID-19. At the same time, the sales of those homes...
USDCAD Daily Analysis – May 12, 2020
USDCAD failed to break below 1.3849 support and rebounded from 1.3899. Further rally would likely be seen and next target would be at the falling trend line on the 4-hour chart. Support is at 1.3899, a breakdown...
USDJPY Daily Analysis – May 12, 2020
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 109.38 had completed at 105.98 already. Further rally would likely be seen and next target would be at 109.00 area....