EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0981. As long as the trend line support holds, the pullback from 1.1199 could be treated as consolidation for the...
In this blog, we are going to look at the recent developments in CHFJPY forex pair. CHFJPY rally from 10.4.2019 (106.72) to 10.21.2019 (110.39) was in 3 waves and unfolded as a zigzag Elliott wave structure. Then...
EURUSD Technical Analysis EURUSD : An Elliott Wave Zig-Zag pattern is a 3 wave (A,B,C) pattern consisting of a 5-3-5 wave structure. 5 waves for the wave A, followed by 3 waves for wave B and finally...
In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDUSD published in the membership area of the elliottwave-forecast . As our members know, AUDUSD recently gave us rally within...
Short-term Elliott Wave view in Nike (ticker: NKE) suggests that rally from May 31, 2019 low is unfolding as a 5 waves Elliott wave impulsive structure. Up from May 31, 2019 low, wave 1 (not shown on the...
USDCAD’s fall from 1.3327 extended to as low as 1.3150. Deeper decline could be expected in a couple of weeks and next target would be at 1.3080 area. Near term resistance is at 1.3250, above this level...
USDJPY remains in the uptrend from 104.44. As long as 107.88 support holds, the upside movement could be expected to continue and next target would be at 110.50 area. On the downside, a breakdown below 107.88 support...
AUDUSD broke above the falling trend line on the daily chart. Further rally would likely be seen over the next several days and next target would be at 0.7050 area. Near term support is at 0.6795, a...
GBPUSD’s upside movement from 1.1958 extended to as high as 1.3514. As long as the price is in the rising price channel on the daily chart, the upside movement could be expected to continue and next target...
EURUSD broke above the falling price channel on the daily chart. Further rally is still possible over the next several weeks and next target would be at 1.1350 area. Near term support is at 1.1035, a breakdown...
