Elliott Wave view on Dow Jones Futures ($YM_F) suggests that the rally from October 3, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, rally to 28893 ended wave (3) and...
USDCAD’s upside movement from 1.2951 extended to as high as 1.3104. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target...
USDJPY extended its upside movement from 107.65 to as high as 109.58, facing the resistance level at 109.70. Near term support is at 109.30, as long as this level holds, the upside movement could be expected to...
AUDUSD stays below the falling trend line on the 4-hour chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
GBPUSD broke below 1.3053 support, suggesting that the upside movement from 1.2905 had completed at 1.3284 already. Further decline could be expected and next target would be at 1.2900 area. Resistance is located at the falling trend...
EURUSD extended its downside movement from 1.1239 to as low as 1.1092. 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...
$SMH Elliott Wave and Longer Term Cycles Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the fund made a low in November 2008. This...
Elliott Wave view on Crude Oil ($CL_F) suggests rally to $65.69 on January 8, 2020 ended wave (1). This ended a 5 waves rally from October 3, 2019 low. Oil is now doing wave (2) pullback to correct...
NQ_F (Nasdaq Futures) made a sharp decline yesterday evening after New York closing and then reacted higher in a very strong manner. Our preferred Elliott wave count treats the dip last night as a Minor wave 4...
USDCAD is in consolidation for the downtrend from 1.3327. Further rally is still possible and the target would be at the bearish trend line on the 4-hour chart. However, as long as the trend line resistance holds,...
