GBPUSD Daily Analysis – June 13, 2018
GBPUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3472. Further decline would likely be seen and next target would be at 1.3250 area. On the upside a breakout...
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EURUSD Daily Analysis – June 13, 2018
EURUSD broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 1.1510 had completed at 1.1840 already. Further decline would likely be seen and next target...
The Sensex Index Long Term Bullish Cycles
The Sensex Index Long Term Bullish Cycles The Sensex Index long term bullish cycles have been trending higher with other world indices. Firstly in it’s base year 1978 to 1979 the index’s point value was set at...
Dow Jones Nearing Completion of 5 Waves Impulse
Dow Jones futures ticker symbol: $YM_F short-term Elliott wave view suggests that the pullback to 24227 low on 5/29/2018 ended Minor wave 4 pullback. Above from there, the rally is unfolding as impulse Elliott wave structure with extension in 3rd...
Why You Should Brace Yourself for Big Financial Changes
By Elliott Wave International The one thing you can count on in financial markets, and society at large, is change. I was reminded of this when I read this May 18 New York Times’ headline and subheadline:...
USDCAD Daily Analysis – June 12, 2018
USDCAD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.2728. As long as the channel support holds, the upside movement could be expected to continue and next target would...
USDJPY Daily Analysis – June 12, 2018
USDJPY broke above 110.26 resistance, suggesting that the upside movement from 108.11 has resumed. Further rise would likely be seen and next target would be at 111.00 area. Near term support is at the bullish trend line...
AUDUSD Daily Analysis – June 12, 2018
AUDUSD’s fall from 0.7676 extended to as low as 0.7560. Further decline is still possible and next target would be at the rising trend line on the 4-hour chart. Resistance levels are at 1.7630 and 0.7676, only...
GBPUSD Daily Analysis – June 12, 2018
GBPUSD’s downside movement from 1.3472 extended to as low as 1.3344. Further decline could be expected in the coming days, and next target would be at 1.3250 area. Resistance is at the falling trend line on the...
EURUSD Daily Analysis – June 12, 2018
EURUSD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the price action from 1.1840 could be treated as consolidation for the uptrend from 1.1510 and one...