Bank of Canada will have its first rate meeting this year on January 22. Recent strong jobs data and high inflation likely allows BOC to maintain a steady rate. Latest jobs report from Canada shows a strong...
Short Term Elliott Wave view on $DAX suggests the pullback to 12886.55 ended wave (4). Index has resumed higher in wave (5) and the internal subdivides into a 5 waves impulse Elliott Wave structure. Up from wave...
USDCAD is now in the downtrend from 1.3104, further decline would likely be seen in a couple of days and next target would be at 1.2980 area. Resistance is at 1.3104, only break above this level could...
USDJPY broke above 109.72 resistance and extended its upside movement from 107.65 to as high as 110.21. Further rise is still possible after a minor consolidation and next target would be at 110.50 area. Near term support...
AUDUSD’s upside movement from 0.6848 extended to as high as 0.6919. Further rally is still possible and next target would be at 0.6950 area. Support is at 0.6848, only a breakdown below this level could trigger another...
GBPUSD extended its downside movement from 1.3284 to as low as 1.2960. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1239. As long as the channel resistance holds, the bounce from 1.1085 could be treated as consolidation for the downtrend,...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Dow Jones Futures ( $YM_F ) published in members area of the Elliottwave-Forecast.com . As our members...
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2951 had completed at 1.3104 already. Further decline would likely be seen in the coming days and next target would...
USDJPY is facing 109.72 resistance, a break of this level could trigger further upside movement towards 110.00. Near term support is at 109.35, a breakdown below this level would indicate that consolidation for the uptrend is underway,...
