Over the next few weeks Japanese Yen strength should drive prices of AUDJPY lower within a downward sloping channel. The current incomplete Elliott Wave structure also supports this expectation of further downside. In this article we’ll explore...
NZDUSD Technical Analysis January 29/2019 NZDUSD remains bullish as long as the January 22/2019 low remains untouched. If you read the article, NZDUSD : Possible Bullish Patterns, published on December 19/2018 you will already know that we...
Elliott Wave view in Gold suggests the pullback to $1276.64 ended wave 4. Internal of wave 4 unfolded as a zigzag Elliott Wave structure. Wave ((a)) of 4 ended at $1276, wave ((b)) of 4 ended at...
The market owners ’cash investments in derivatives on the British pound of the CME Group Exchange amounted to $ 39 billion 66 million. The capitalization of investments decreased by 18%. The total net overweight of GBPUSD sellers...
USDCAD remains in the downtrend from 1.3374, the bounce from 1.3202 is likely consolidation for the downtrend. Another fall could be expected after the consolidation, a breakdown below 1.3200 support could trigger another fall towards 1.3100. Resistance...
USDJPY moved sideways in a trading range between 109.14 and 109.99. As long as 109.14 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.05, further rise to 110.50 area is possible....
AUDUSD is facing 0.7203 resistance, a break of this level could signal resumption of the uptrend from 0.7075, then next target would be at 0.7300 area. Near term support is at 0.7135, be low this level could...
GBPUSD remains in the uptrend from 1.2396, the pullback from 1.3217 could be treated as consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement...
EURUSD extended its upside movement from 1.1289 to as high as 1.1450. Further rise is still possible after a minor consolidation and next target would be at 1.1500 area. Support is at 1.1400, below this level could...
Elliott Wave view in Tesla (Ticker: TSLA) suggests the rally to $352.09 ended wave ((2)). This suggests the stock is in an impulsive Elliott Wave structure to the downside. Wave ((3)) is in progress and the subdivision...
