USDCAD is testing 1.3028 support, a breakdown below this level could signal resumption of the downtrend from 1.3104, then further decline towards 1.2950 could be seen. Near term resistance is at 1.3080, a break of this level...
USDJPY broke above 110.20 resistance, suggesting that the uptrend from 107.65 has resumed. Further rise could be expected in a couple of days and next target would be at 110.50 area. Support is now at 109.78, a...
AUDUSD extended its upside movement from 0.6848 to as high as 0.6933. Further rise is still possible and next target would be at 0.6960 area. Near term support is at 0.6877, a breakdown below this level could...
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3284. As long as the channel resistance holds, the downtrend could be expected to resume and further decline to 1.2850...
EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.1085. As long as the channel support holds, the pullback from 1.1172 could be treated as consolidation for the uptrend...
Swiss Franc strengthens on Tuesday, January 14 2020, after the US Treasury Department added Switzerland to its watch list for countries labelled as “currency manipulator” alongside other countries such as Germany, Ireland, Italy, Japan, Malaysia, Singapore, South...
With the official signing of Phase 1 trade deal between US and China today, we may have seen the worst in Soybean’s market at least in the short term. This of course assumes that China can commit...
Elliott Wave view on Nasdaq (NQ_F) suggests the rally from October 3, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the 45 minutes chart below, wave (3) of the impulse structure ended at...
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of FCX, which we presented to members at elliottwave-forecast. In which, the rally from 9 October 2019, showed an impulse sequence...
USDCAD is facing 1.3028 support, a breakdown below this level could take the price to 1.2950 area. Near term resistance is at 1.3080, a breakout of this level could signal resumption of the uptrend from 1.2951, then...
