EURUSD’s fall from 1.1239 extended to as low as 1.0942. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would...
Short term Elliott wave view in Russell (RTY_F) suggests the Index ended the correction from January 17, 2020 high in wave (4) at 1609.56. It has since resumed higher in wave (5) and the internal subdivision is...
By Elliott Wave International No analytical method can offer 100% clarity about the market’s future. Yet critics of technical analysis, particularly Elliott waves, say that popular technical methods fail if they don’t do just that. Of course,...
USDCAD broke below the support of the rising price channel on the 4-hour chart and moved sideways in a trading range between 1.3262 and 1.3308. A breakdown below 1.3262 support would indicate that the upside movement from...
USDJPY remains in the uptrend from 108.30. Further rise would likely be seen in the coming days and next target would be at 110.28 resistance. Near term support is at 109.55, a breakdown below this level could...
AUDUSD failed to break above 0.6777 resistance and moved sideways in a trading range between 0.6678 and 0.6777. As long as 0.6777 resistance holds, the price action in the range could be treated as consolidation for the...
GBPUSD’s downside movement from 1.3209 extended to as low as 1.2920. Further decline would likely be seen in the coming days and next target would be at 1.2800 area. Near term resistance is at 1.3000, a break...
EURUSD broke below 1.0992 support and extended its downside movement from 1.1239 to as low as 1.0964. Further decline could be expected in the coming days and next target would be at 1.0900 area. Near term resistance...
In this blog, we are going to take a look at the Elliottwave chart of AUDJPY. The rally from August 26, 2019 unfolded as 5 waves impulsive move up in wave (A) as a leading diagonal. Based...
Amazon (ticker: AMZN) recently reported Q4 2019 earnings. The result of $45.7 billion online sales surpassed the Q4 2018 number of $39.8 billion. The company also announced they currently have over 150 million Prime subscribers globally. In...
