GBPUSD remains in the downtrend from 1.3174. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2500...
EURUSD formed a triangle pattern on its 4-hour chart. Support is at the bottom trend line of the pattern, a breakdown below this trend line could signal resumption of the downtrend from 1.1815 (Sep 24 high), then...
In this technical blog, we are going to take a look at the past 1-hour performance of Soybean ticker symbol: ZS_F Elliott Wave charts that we presented to our clients. We are going to explain the structure and the...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Wheat Futures, published in members area of The Website. As we can see at the charts below,...
Hello fellow traders. Another instrument that we have been trading lately is BABA Stock from Group 3. In this technical blog we’re going to take a quick look at the Elliott Wave charts of BABA, published in...
Short term Elliott Wave view in USDJPY suggests that cycle from 11/12 peak (114.21) remains in progress as a double three Elliott Wave structure. Down from 114.21, Minute wave ((w)) ended at 112.27 and Minute wave ((x))...
USDCAD broke above 1.3250 resistance, suggesting that the short term downtrend from 1.3359 had completed at 1.3159 already. Further rise could be expected and next target would be at 1.3350 area. Support is at 1.3159, only a...
USDJPY broke below 113.19 support and extended its downside movement from 114.03 to as low as 112.57. Further decline is still possible and next target would be at 112.00 area. Resistance is at 113.20, as long as...
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7199 had completed at 0.7393 already. Further decline could be expected and next target would be at 0.7260, followed by...
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3174. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
