In this technical blog, we are going to take a look at the past chart’s performance of Nikkei an index from Japan. But before looking into the Charts, we need to understand the market nature first. The market always...
Short Term Elliott Wave view in S&P 500 (SPX) suggests that cycle from February 20, 2020 high has ended at 2199.5 low as wave a. Internal of wave a unfolded as a 5 waves impulse Elliott Wave...
The Energy Industry has had a some rough waters for the past few years with Chevron also participating in the rout. However, the current technicals on the chart suggest a major low is possible in 2020. Recently,...
By Elliott Wave International When a trend is strong, related markets tend to move in unison. However, when a trend is near exhaustion — a bullish or bearish trend, “non-confirmations” often occur. A non-confirmation occurs when one...
USDCAD continued its sideways movement in a trading range between 1.4148 and 1.4667. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for...
USDJPY extended its upside movement from 101.17 to as high as 111.71. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
AUDUSD is testing 0.5985 resistance, a break of this level could trigger further upside movement towards 0.6200. Near term support is at 0.5650, a breakdown below this level could bring the price back towards 0.5507 support.
GBPUSD continued its sideways movement in a trading range between 1.1409 and 1.1933. As long as 1.2250 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.3199, and...
EURUSD is facing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0635 could be treated as consolidation for the downtrend from 1.1496, another...
In this article, we will look at the American Airlines (AAL) to make sense of the recent huge volatility in the stock market. The world faces a tremendous crisis due to the pandemic created by the Corona...
