USDCAD Daily Analysis – January 30, 2020
USDCAD extended its upside movement from 1.3035 to as high as 1.3209. Further rise would likely be seen in a couple of days and next target would be at 1.3250 area. Support is now at 1.3153, a...
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USDJPY Daily Analysis – January 30, 2020
USDJPY moved sideways in a trading range between 108.73 and 109.26. The price action in the range is likely consolidation for the downtrend from 110.28, further decline to 108.00 area is possible after the consolidation. Resistance is...
AUDUSD Daily Analysis – January 30, 2020
AUDUSD extended its downside movement from 0.6933 to as low as 0.6731. Further decline could be expected and next target would be at 0.6700 area. Near term resistance is at 0.6777, a break of this level could...
GBPUSD Daily Analysis – January 30, 2020
GBPUSD is facing 1.2954 support, a breakdown below this level could trigger further downside movement towards 1.2850, followed by 1.2800. Near term resistance is at 1.3065, only break above this level could trigger another rise towards 1.3200.
EURUSD Daily Analysis – January 30, 2020
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1172. As long as the trend line resistance holds, the bounce from 1.0992 could be treated as consolidation for the...
Zendesk (NYSE: ZEN) – Aiming for New All time Highs
Zendesk (NYSE: ZEN) bullish trend since IPO is still in progress despite the 30% correction which took place last year. The Bulls remained in Control as the stock ended a corrective 3 swing move lower then started a...
BABA Elliott Wave: Buying The Wave Four Pullback
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of BABA, which we presented to members at elliottwave-forecast.com. In which, the rally from October 2019 lows, showed the higher highs...
Best Buy (BBY): The Instrument is ending wave III of (III)
Best Buy is trading within a very Technical Elliott Wave structure with well-defined cycles. Currently, it is showing a five waves advance, but also it has an incomplete sequence. The Five waves structure runs in a sequence...
Elliott Wave View: Tesla Ended Short Term Correction
Short term Elliott wave view in Tesla (ticker: TSLA) suggests the rally to $594.5 ended wave (3). The stock then corrected in wave (4) and the pullback ended at $538.66. The structure of wave (4) unfolded as...
USDCHF Incomplete Elliott Wave Sequence Puts Sellers in Control
USDCHF found a low on 1.16.2020 (0.9610) and has been bouncing since then. Initial rally from 0.9610 to 0.9729 was in 3 waves which was followed by a pull back and pair has since then made a...