EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the pullback from 1.1147 could be treated as consolidation for the...
$FXA Bearish Cycles From The July 2011 High First the FXA ETF fund is the Australian dollar tracking fund that has an inception Date of 06/21/2006. With that said the fund mainly reflects the currency spot price of...
On Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This unscheduled rate cut is intended to provide...
Hello fellow traders. Another instrument that we have been trading lately is NIKE stock. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIKE, published in members area of...
The weekly technical structure of the Carrefour stock price is a good example of a market correction struggling with the lack of space. Hereby, we observe a situation where the price extends lower in a Elliott Wave...
Bank of England (BOE) decided to leave interest rate unchanged at a record low of 0.1% last week. This allows EURGBP to correct from seven month highs. After reaching the high at 0.95, EURGBP pulled back to...
CFD trading stands for Contract for Differences which is a financial contract that pays the difference between opening value and closing value of an asset in a transaction or it is making a profit from the movement...
USDCAD broke below 1.4148 support, suggesting that the upside movement from 1.3201 had completed at 1.4667 already. Further decline would likely be seen and next target would be at 1.3800 area. Resistance is at 1.4155, a break...
USDJPY broke below the bullish price channel on the 4-hour chart, suggesting that the upside movement from 101.17 had completed at 111.71 already. Further decline would likely be seen after a minor consolidation and next target would...
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.5507. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could...
