USDJPY’s bounce from 108.23 extended to as high as 109.20. Further rise could be expected in a couple of days and next target would be at 109.48 resistance. Near term support is at 108.80, a breakdown below...
AUDUSD broke below 0.6769 support, suggesting that the downtrend from 0.6929 has resumed. Further decline could be expected and next target would be at 0.6700 area. Near term resistance is at 0.6800, above this level could trigger...
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2985. As long as the channel resistance holds, the bounce from 1.2822 could be treated as consolidation for the downtrend,...
EURUSD is facing 1.0989 support, a breakdown below this level could trigger further downside movement towards 1.0950. Near term resistance is at 1.1040, above this level could bring the price back towards 1.1100.
CHK have been in a tremendous downside trend since peak at 2011 and has already missed an opportunity for a turn. The instrument is showing a very technical decline in 5 waves since the peak at 02.02.2011...
Short Term Elliott Wave view on Russell (RTY_F) suggests that the Index ended wave 2 at 1463.14. The Index then resumes higher and ended wave 3 at 1613.60. The internal subdivision of wave 3 is unfolding as a...
Some market participants worry that the passing of Hong Kong Human Rights and Democracy Act can reverse the gain in stock market. Both the US Senate and House of Representative overwhelmingly voted 417 to 1 in favor...
In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDCAD published in members area of the elliottwave-forecast . As our members know, USDCAD ended cycle from the 1.30122 low...
Kirkland Lake Gold Ltd. (NYSE: KL) is gold mining growing company with highly productive yet low-cost mining operations in Canada and Australia. On October 9, Kirkland Lake announced record production for its third quarter of 2019. President and CEO...
USDCAD broke below 1.3270 support, deeper decline towards the rising trend line on the 4-hour chart would likely be seen in a couple of days. As long as the trend line support holds, the pullback from 1.3327...
