Elliott Wave View: EURUSD Can Bounce Soon
Short term Elliott wave view in EURUSD suggests the cycle from December 31, 2019 high is unfolding as an impulse wave. Down from December 31, wave (1) ended at 1.0991 low and the bounce in wave (2)...
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Bristol-Myers Squibb ( NYSE: BMY ) Aiming for New All Time Highs
Bristol-Myers Squibb (NYSE: BMY) is an American pharmaceutical company which manufactures prescription pharmaceuticals and biologics in several therapeutic areas with particular success in cardiovascular treatments. Since 2008, BMY established an impulsive rally taking the stock to new all time highs...
USDCAD Daily Analysis – February 18, 2020
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2951 had completed at 1.3328 already. Further decline would likely be seen and next target would be at 1.3180 area....
USDJPY Daily Analysis – February 18, 2020
USDJPY stays in a trading range between 109.53 and 110.13. The price action in the trading range is likely consolidation for the uptrend from 108.30, a breakout of 110.13 resistance could trigger further upside movement towards 110.50....
AUDUSD Daily Analysis – February 18, 2020
AUDUSD failed to break above the resistance of the price channel on the 4-hour chart and pulled back from 0.6749. Further decline would likely be seen and next target would be at 0.6600 area. Near term resistance...
GBPUSD Daily Analysis – February 18, 2020
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2871 had completed at 1.3069 already. Further decline would likely be seen and next target would be at 1.2871 support....
EURUSD Daily Analysis – February 18, 2020
EURUSD extended its downside movement from 1.1095 to as low as 1.0823. Further decline is still possible and next get would be at 1.0750 area. Resistance is at 1.0861, a break of this level could bring the...
BABA Found Byers At The Blue Box After Elliott Wave Zig Zag Pattern
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of BABA. As our members know BABA has recently given us pull back against the 199.12 low. Pull...
USDCAD Daily Analysis – February 17, 2020
USDCAD is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the fall from 1.3328 could be treated as consolidation for the uptrend, and further rise to...
USDJPY Daily Analysis – February 17, 2020
USDJPY continued its sideways movement in a trading range between 109.53 and 110.13. The sideways movement is likely consolidation for the uptrend from 108.30, further rise to 110.50 area is possible after the consolidation. Support is at...