AUDUSD is facing 0.6450 support, a breakdown below this level could trigger further downside movement to 0.6350 area. On the upside, as long as 0.6450 support holds, the fall from 0.6684 could be treated as corrective consolidation...
GBPUSD extended its downside movement from 1.3199 to as low as 1.2804. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.0778 had completed at 1.1496 already. Further decline would likely be seen in a couple of days and next target...
In this technical blog, we are going to take a look at the past performance of XLE 1-Hour Elliott wave Charts that we presented to our members. In which, the decline from 4/23/2019 peak took place as...
Bank of America (Ticker: BAC) decline from December 27, 2019 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from December 27 high, wave ((1)) ended at $32.47 and wave ((2)) ended at $35.45....
We at Elliottwave-Foreast.com use a lot of market correlation to derive our forecasts alongside other tools that we use. In this article, we would look at a recent example of Market correlation used in our forecasts and...
In this blog, we are going to take a look at the Elliottwave chart of NASDAQ. Based on the daily chart shown below, NASDAQ has ended the rally from 2009 low at 9760.61 high. The index is...
Our friends at Elliott Wave International have been guiding investors through bull and bear markets since 1979. From that long experience, they know that at certain market junctures, they can help the most by giving everyone their...
USDCAD extended its upside movement from 1.3201 to as high as 1.3795. Further rise would likely be seen and next target would be at 1.3850 area. Key support is at 1.3516, only break below this level could...
USDJPY broke above the resistance of the falling trend line on the 4-hour chart, suggesting that the downtrend from 112.22 had completed at 101.17 already. Further rally would likely be seen and next target would be at...
