Walmart (NYSE: WMT) is the world’s largest retailer, operating discount stores, supercenters, and grocery stores around the world. In today’s article, we’ll taker a look at the short term cycle of the stock based on Elliott Wave Theory...
USDCAD is in consolidation for the downtrend from 1.3347, range trading between 1.3170 and 1.3260 would likely be seen in a couple of days. As long as 1.3260 resistance holds, the downtrend could be expected to resume,...
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 106.48. Further rise towards 109.00 is still possible. On the downside, a breakdown below the channel support would indicate that...
AUDUSD remains in the uptrend from 0.6670, the pullback from 0.6810 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...
GBPUSD moved sideways in a trading range between 1.2516 and 1.2707. As long as 1.2516 support holds, the sideways movement could be treated as consolidation for the uptrend, further rise to 1.2900 area is still possible. On...
EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.0879. As long as the price is in the channel, the upside movement could be expected to continue and next...
In today’s blog, we will have a look at the Vipshop stock. The stock is traded as VIPS at the NYSE. Vipshop is a Chinese e-commerce company (www.VIP.vcom) which offers online discount sales which have it’s headquarter in Guangdong,...
GBPAUD Technical Analysis October 12/2019 GBPAUD : Possible bearish patterns are visible on the 4 hour chart. Pink bearish pattern triggers SELLS at the point D XA 0.886% Fib. retracement level and the green bearish pattern triggers...
XAUUSD Technical Analysis October 12/2019 XAUUSD : Possible bullish patterns are visible on the 4 hour chart. Blue bullish AB=CD pattern already triggered BUYS at the point D AB=CD level on October 1/2019. Price has since bounced...
Short term Elliott Wave view of Amazon ($AMZN) suggests the decline to 1685.06 ended wave (A). Internal of wave (A) unfolded as a 5 waves impulse Elliott Wave structure. On the chart below, we can see wave 3...
