S&P 500 Forecasting The Path
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of SPX, published in members area of the website. Back in December 2018 we were calling cycle from...
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Elliott Wave View: Gold Buyers Should Appear Soon
Elliott wave view in Gold suggests that rally from August 16, 2018 low ($1160.37) is unfolding as an Elliott Wave Impulse structure. Rally to $1326.53 ended wave (3). Wave (4) pullback is in progress as a double...
GBPUSD: The nearest long-term level of support is 1.2731
The capitalization of the positions of the CME Group participants reporting to CFTC on derivatives on the British pound increased by 8%. The total capitalization of derivative markets for British Pound reached $ 42 billion 69 million....
USDCAD Daily Analysis – February 14, 2019
USDCAD is now in the downtrend from 1.3329, the bounce from 1.3195 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and next target would be at 1.3100 area. Resistance is at...
USDJPY Daily Analysis – February 14, 2019
USDJPY’s upside movement from 108.49 extended to as high as 111.05. Further rise could be expected after a minor consolidation and next target would be at 112.00 area. Near term support is at 110.75, a breakdown below...
AUDUSD Daily Analysis – February 14, 2019
AUDUSD is now in the uptrend from 0.7054, the fall from 0.7135 is likely correction for the uptrend. Further rally could be expected and next target would be at 0.7180 area. Support is at 0.7054, below this...
GBPUSD Daily Analysis – February 14, 2019
GBPUSD moved sideways in a trading range between 1.2832 and 1.2996. As long as 1.2996 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3217, a breakdown below 1.2832 support could trigger...
EURUSD Daily Analysis – February 14, 2019
EURUSD remains in the downtrend from 1.1514, the price action from 1.1257 is likely consolidation for the downtrend. Key resistance is at 1.1341, as long as this level holds, the downside movement could be expected to continue...
Elliott Wave View: Further Rally in Nikkei Favored
Short-term Elliott wave view in Nikkei suggests that the Index has ended correction at 20169 as wave ((X)) and starts a new leg higher. Decline to 20169 on 8 February took the form of an Elliott Wave...
Alibaba Ended Elliott Wave Flat Correction: What’s Next?
In this technical blog, we are going to take a look at the past performance of Alibaba ticker symbol: $BABA 4-Hour Elliott Wave Charts that we presented to our members. In which, the stock made a 3...