Being contained by the rising price channel on the daily chart, USDJPY pulled back from 110.28. Further decline is still possible next week and the target would be at the bottom of the channel. Near term resistance...
AUDUSD extended its downside movement from 0.7031 to as low as 0.6817. 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...
GBPUSD moved sideways in a trading range between 1.2905 and 1.3284. Support is at 1.2905, a breakdown below this level would confirm that the upside movement from 1.1958 had completed at 1.3514 already, then further decline to...
EURUSD broke below the rising trend line on the daily and is now in the downtrend from 1.1239. Further decline would likely be seen and next target would be at 1.0900 area. Resistance is located at the...
In this blog, we are going to take a quick look at the Elliottwave chart of NZDJPY. The chart from 1.22.2020 New York update showed that NZDJPY ended wave 4 at 71.234 low. The pair then extended...
Boeing ticker symbol: $BA is showing an incomplete sequence from March 1, 2019 peak favoring more downside towards $275-$248 target area to the downside. In the chart below, the stock is showing an overlapping price action from...
Oil has extended lower and short term Elliott Wave view suggests the decline from 1.8.2020 high is unfolding as a zigzag Elliott Wave structure. Down from January 8 high, wave A ended at 57.36 as a 5...
By Elliott Wave International At 1:53 AM on January 10, Tesla founder and a frequent social media pot-stirrer, Elon Musk, tweeted, “Bitcoin is ‘NOT’ my safe word,” only to add a wink face emoji five minutes later....
USDCAD extended its upside movement from 1.2951 to as high as 1.3160. Further rise is still possible and next target would be at 1.3200 area. Near term support is at 1.3120, below this level could bring the...
USDJPY broke below 109.78 support, suggesting that the upside movement from 107.65 had completed at 110.28 already. Further decline could be expected in the coming days and next target would be at 109.00 area. Near term resistance...
