CADJPY Forecasting The Bounce From Blue Box Area
In this blog, we are going to take a look at the Elliottwave chart of CADJPY. The rally from August 26, 2019 low unfolded as 5 waves impulsive move up in wave (A) as a diagonal. Based on...
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EURNZD Elliott Wave Path
In this technical blog, we are going to take a look at the past performance of EURNZD, 1-Hour Elliott wave Charts that we presented to our members. But before looking into the Charts, we need to understand the market nature...
Elliott Wave View: Oil Shows 5 Waves Rally
Short term Elliott wave view in Oil (CL_F) suggests the rally from February 5 low shows a 5 swing bullish sequence. We label the rally as an impulse Elliott Wave structure with a nest. Up from February...
Elliott Wave View: PayPal (PYPL) Right Side Remains Bullish
As US indices were making lower lows in January and February of 2019, PYPL was making higher lows setting up a bullish structure within a larger impulse up against its All Time Low of 30.00 set on...
USDCAD Daily Analysis – February 19, 2020
USDCAD broke above 1.3270 resistance, suggesting that the downside movement from 1.3328 had completed at 1.3224 already. Further rally would likely be seen and next target would be at 1.3300 area. Support is at 1.3224, only break...
USDJPY Daily Analysis – February 19, 2020
USDJPY moved sideways in a trading range between 109.53 and 110.13. As long as 109.53 support holds, the price action in the range could be treated as consolidation for the uptrend from 108.30, and further rise towards...
AUDUSD Daily Analysis – February 19, 2020
AUDUSD is facing 0.6661 support, a breakdown below this level could trigger further downside movement to 0.6600 area. Near term resistance is at 0.6700, a break of this level could bring the price back towards the top...
GBPUSD Daily Analysis – February 19, 2020
GBPUSD is now in the downtrend from 1.3069, further decline could be expected in a couple of days and next target would be at 1.2871 support. Resistance is at 1.3069, a break of this level could trigger...
EURUSD Daily Analysis – February 19, 2020
EURUSD remains in the downtrend from 1.1095, further decline would likely be seen after a minor consolidation and next target would be at 1.0700 area. Key resistance is at 1.0661, a break of this level could bring...
$SLV Ishares Silver Trust Larger Cycles and Elliott Wave
$SLV Ishares Silver Trust Larger Cycles and Elliott Wave Firstly there is data back to when the ETF fund began in 2006 as seen on the weekly chart shown below. The fund made a low in 2008 that...