Elliott Wave structure in Netflix shows an incomplete bearish sequence suggesting the stock should continue to see selling pressure. On the chart below, the rally to 316.59 ended wave 2. The stock has extended lower in wave...
FXA Bearish Cycle From The July 2011 Highs Firstly the FXA ETF fund is the Australian dollar tracking fund that has an Inception Date of 06/21/2006. With that said the fund mainly reflects the currency spot price of the...
Hello fellow traders. In today’s blog, we will have a look at the Daimler AG stock. The stock is listed in the DAX 30 and in the EURO Stoxx 50. Daimler AG is a German multinational automotive company...
Last week, there was anticipation of market volatility as the Fed’s Chairman Jerome Powell was scheduled to speak at Jackson Hole. President Trump and China however stole the show. China introduced fresh retaliatory tariffs on $75 billion...
USDCAD moved sideways in a trading range between 1.3250 and 1.3344. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...
USDJPY broke below 105.04 support, suggesting that the downtrend from 109.31 has resumed. Further decline is still possible and next target would be at 104.00 area. Near term resistance is at 105.45, above this level could trigger...
AUDUSD broke below 0.6735 support and extended its downside movement from 0.6821 to as low as 0.6688. Deeper decline to test 0.6677 support is still possible, a breakdown below could take the price to 0.6600 area. Resistance...
GBPUSD extended its upside movement from 1.2014 to as high as 1.2293. 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...
EURUSD broke above 1.1113 resistance, suggesting that the downside movement from 1.1249 had completed at 1.1051 already. Further rally could be expected and next target would be at 1.1200 area. Near term support is at 1.1110, below...
USDCAD stays above a rising trend line on the daily chart and remains in the uptrend from 1.3015. As long as the price is above the trend line, the upside movement could be expected to continue, and...
