By Elliott Wave International On March 12, the date the DJIA closed lower more than 2350 points, the U.S. chief equity strategist for a major financial firm appeared on Bloomberg after the market close and opined that...
By Elliott Wave International Crude oil took a 30% dive on Sunday, March 8. Yet what’s happened in oil this year is so much bigger than that headline-grabbing, one-day move. In January, oil was $64 a barrel....
USDCAD extended its upside movement from 1.3201 to as high as 1.3960. Further rise is still possible after a minor consolidation and next target would be at 1.4050 area. Support is located at the rising trend line...
USDJPY is now in the uptrend from 101.17. 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 target would be at...
AUDUSD broke below 0.6311 support and extended its downside movement from 0.6684 to as low as 0.6211. Further decline is still possible and next target would be at 0.6150 area. Near term resistance is at 0.6385, a...
GBPUSD’s downside movement from 1.3199 extended to as low as 1.2490. Further decline would likely be seen after a minor consolidation and next target would be at 1.2400 area. Near term resistance is at 1.2640, a break...
EURUSD extended its downside movement from 1.1496 to as low as 1.1055, breaking below 1.1095 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...
Short term Elliott Wave view in S&P 500 (SPX) suggests cycle from February 19, 2020 high is unfolding as a double three Elliott Wave structure. Down from February 19, 2020 high, wave ((W)) ended at 2855 low....
USDCAD continued its upside movement from 1.3201 and the rise extended to as high as 1.3819. Further rise would likely be seen and next target would be at 1.3850 area. Near term support is at 1.3680, a...
After touching the resistance of the falling trend line on the 4-hour chart, USDJPY dropped sharply to 103.09, breaking below 103.20 support, suggesting that the pair remains in the downtrend from 112.22. Further decline could be expected...
