Below, you can see the 1-hour updated chart posted on the 12/07/18 with our Elliot count perspective at the time. We expected prices to extend higher due to the 11/16 high broken on 11/29, hence our bullish...
OIL Elliott wave analysis suggests that a decline from October 3, 2018 peak ($76.9) is unfolding as impulse Elliott wave structure. Down from $76.9 peak, the primary wave ((1)) ended at $68.47 low. A primary wave ((2))...
USDCAD broke above 1.3444 resistance and extended its upside movement from 1.3159 to as high as 1.3496. Further rise is still possible and next target would be at 1.3550 area. Support is located at the bullish trend...
USDJPY broke below 112.23 support. Further decline is still possible and next target would be at 111.50 area. Near term resistance is at 112.63, a break of this level would indicate that the short term downtrend from...
AUDUSD remains in the downtrend from 0.7393, the price action from 0.7178 could be treated as consolidation for the downtrend. As long as 0.7246 resistance holds, the downtrend could be expected to resume and a breakdown below...
GBPUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2475 could be treated as consolidation for the downtrend from 1.3174 and...
EURUSD’s upside movement from 1.1269 extended to as high as 1.1402. Further rise it still possible and next target would be at 1.1420, followed by 1.1500. Near term support is now at 1.1340, a breakdown below this...
Elliott Wave View: CADJPY Selloff To Resume Short Term Elliott Wave view suggests that cycle from 11.8.2018 high (87) ended at 83.55 in Minor wave W and bounce to 85.27 ended Minor wave X. Pair has resumed...
The Brexit saga continues to unfold as Prime Minister Theresa May postponed Brexit deal vote in U.K Parliament last week. The cancellation happened after it becomes clear that May will lose the vote by large margin if...
Citigroup (NYSE:C) is the 3rd largest bank in the United States. Since the crash of 2008, its stock wasn’t able to recover 15% of that decline compared to other Banks like JP Morgan or Goldman Sachs. 2018 wasn’t...
