Short term Elliott Wave view of Alibaba (BABA) calls for the rally from Dec 24, 2018 low ($129.1) as a 5 waves impulse Elliott Wave structure. Up from there, wave ((1)) ended at $142.51 and wave ((2))...
The World Indices have seen the biggest decline since the lows at 2009. However, despite the size of the decline, it does not affect the overall trend. We at Elliott Wave Forecast always say that knowing the cycles...
EURCAD Technical Analysis January 14/2019 Bearish market patterns can be seen on the EURCAD 4 hour chart. In the chart below there are possible bearish patterns that can trigger SELLS if the market makes another move higher....
Australian Dollar has seen a surge in volatility at start of the year which started with a sharp decline followed by a quick recovery and AUDCAD is no different. Traders know that volatility brings along trading opportunities...
The nearest support area is 30% of sellers (2930.52-2046.24). The closest long-term goal of improvement is the zone of 20% of sellers (5842.56-5263.20). The next zone of resistance is the zone of 10% of sellers (8764.91-8754.59). The...
USDCAD is in consolidation for the downtrend from 1.3664. Range trading between 1.3179 and 1.3400 would likely be seen in a couple of days. As long as 1.3400 resistance holds, the downtrend could be expected to resume,...
USDJPY continued its sideways movement in a trading range between 107.76 and 109.08. As long as 107.76 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.05, a break of 109.08 resistance...
AUDUSD remains in the uptrend from 0.6765, the pullback from 0.7235 is likely consolidation for the uptrend. Range trading between 0.7100 and 0.7235 is possible in a couple of days. As long as 0.7100 support holds, the...
GBPUSD extended its upside movement from 1.2396 to as high as 1.2930. Further rise is still possible after a minor consolidation and next target would be at 1.3000 area. Near term support is at 1.2810, below this...
EURUSD remains in the short term downtrend from 1.1570, the bounce from 1.1450 would possibly be consolidation for the downtrend. Further decline is still possible and next target would be at 1.1400 area. Near term resistance is...
