SPX has broken below Oct 30 low (2603.54), i.e. Primary wave ((W)), opening further downside with incomplete bearish sequence from Sept 21 high (2940.91). Near term Elliott Wave view suggests the decline to 2603.54 on Oct 30...
NZDJPY has put in a strong rally over the past couple of months gain 9.14% from a low of 72.25 to a high of 78.86. Earlier this year, we advised clients and followers that pair was reaching...
In this blog, I want to share some short-term Elliott Wave charts of Facebook which we presented to our members in the past. In this blog, I want to share some short-term Elliott Wave charts of Facebook which we presented to...
USDCAD failed to breakout of 1.3444 resistance and pulled back to 1.3370. However another rise to test 1.3444 resistance is still possible and a breakout of this level could trigger further upside movement towards 1.3500. Support is...
USDJPY extended its upside movement from 112.23 to as high as 113.51. Further rise is still possible and next target would be at 114.00 area. Near term support is at 113.00, below this level could bring the...
AUDUSD stays in a narrow range between 0.7178 and 0.7241. The price action in the range is likely consolidation for the downtrend from 0.7393. As long as 0.7241 resistance holds, the downside movement could be expected to...
GBPUSD extended its downside movement from 1.2927 to as low as 1.2479. Further decline is still possible and next target would be at 1.2400 area. Resistance is at 1.2640, only a break of this level could bring...
EURUSD is facing the bottom support trend line of the triangle pattern on the 4-hour chart, below this trend line support could trigger further downside movement towards 1.1200. Near term resistance is at 1.1350, a break of...
CADJPY Technical Analysis December 10/2018 CADJPY looks poised to make another move lower. There are bearish market patterns that are clearly visible. On the Weekly chart below, CADJPY formed a Bearish Pattern (blue) that triggered sellers on...
The market celebrated the trade war truce between U.S. and China after the successful meeting last week between President Trump and Xi. Unfortunately, it only lasted for about 24 hours as news came in with the arrest...
