SPX short-term Elliott wave view suggests that the rally from 4/02/2018 low (2553.8) is extending higher in 5 waves structure. These 5 waves are expected to be part of a leading diagonal structure within intermediate wave (1) higher. The move higher...
USDCAD stays in a rising price channel on the 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 extended it upside movement from 108.11 to as high as 109.99. Further rise is still possible after a minor consolidation and next target would be at 110.40 area. Near term support is at 109.35, only a...
AUDUSD broke above 0.7605 resistance and extended its upside movement from 0.7412 to as high as 0.7666. Further rise is still possible and next target would be at 0.7700 area. Near term support is at 0.7580, a...
GBPUSD extended its upside movement from 1.3204 to as high as 1.3398. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
EURUSD extended its upside movement from 1.1510 to as high as 1.1744. Key support is now at 1.1617. As long as this level holds, the upside movement could be expected to continue and a clear break above...
Australia has a fair share of wealthy people who have invested in many different sectors of the economy. Most wealthy Australians tend to keep a low-profile life but their riches always speaks for them. The Australian financial...
XLI: Industrial sector ETF short-term Elliott wave view suggests that the decline to 70$ on May 03 low ended cycle degree wave IV pullback. Above from there, the instrument rallied higher as an impulse and has scope to resume the cycle degree...
USDCAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100...
USDJPY remains in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall towards 106.00 is possible after the correction. Near term support is at 109.00, a breakdown below this level...
