By Elliott Wave International Hedge fund managers are considered to be among the smartest people on Wall Street. Ironically, as a group, they’re notorious for consistently being on the wrong side of major turns in the markets...
USDCAD is now in the downtrend from 1.3463, the bounce from 1.3314 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and next target would be at 1.3250 area. Near term resistance...
USDJPY extended its downside movement from 112.22 to as low as 106.84. Further decline is still possible after a minor consolidation and next target would be at 106.50 area. Key resistance is located at the bearish trend...
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.6749 had completed at 0.6433 already. Support is at 0.6550, as long as this level holds, further rally could be...
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3017 had completed at 1.2725 already. Further rally would likely be seen and next target would be at 1.2900 area....
EURUSD stays above the bullish trend line on the 4-hour chart and remains in the uptrend from 1.0778. As long as the trend line support holds, the upside movement could be expected to continue and next target...
Peloton ($PTON) had a very nice run before topping December 2019, and could be ready for the next leg up. The caveat with analyzing companies that have recently gone public is there is not much history to...
USDCAD broke below the support of the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3201 had completed at 1.3463 already. Further decline would likely be seen and next target would be...
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 112.22. As long as the trend line resistance holds, the downside movement could be expected to continue and a breakdown...
AUDUSD failed to break above the resistance of the falling trend line on the 4-hour chart, suggesting that the pair remains in the downtrend from 0.6749. As long as the trend line resistance holds, the bounce from...
