AUDUSD rebounded from 0.7818 after touching the rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 0.7732. Further rise to test 0.7897 resistance could be expected, a breakout of this...
GBPUSD is now in downtrend from 1.3337. Further decline would likely be seen and next target would be at 1.3121, below this level could take price to the major support trend line on the daily chart. Resistance...
EURUSD rebounded from 1.1730 after approaching 1.1669 support, indicating that the short term downtrend from 1.1879 is complete. Further rise to test 1.1879 resistance could be expected in the coming days, a breakout of this level could...
An ending diagonal is a type of impulsive motive wave in Elliott Wave Theory that will be found in the subdivision of fifth waves or whole C waves in a structure. An ending diagonal C wave or 5th wave...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Copper published in members area of www.elliottwave-forecast.com. In further text we’re going to count the swings, explain...
In the aftermath of Brexit vote, Bank of England (BOE) had cut the cost of borrowing to a new record low of 0.25% in order to support the economy. At the same time, Poundsterling slumped against other...
AUDUSD Elliott Wave structure suggests that the decline to 0.7731 on October 6th low ended Primary wave ((W)). From there, Primary wave ((X)) bounce is unfolding as a double three Elliott Wave structure. Rally to 0.7807 ended Intermediate wave (W)...
USDCAD previously broke below its ascending channel formation then pulled up for a retest, creating a head and shoulders pattern visible on the 4-hour time frame. Price has yet to complete the right shoulder and test the...
By Elliott Wave International Here’s our challenge. In order to be aware of the investment pitfalls and opportunities that deflation can bring, we must first understand the basic elements of why it occurs. So our challenge is...
USDCAD failed to breakout of 1.2598 resistance and stayed in the trading range between 1.2433 and 1.2598. Another fall to test 1.2433 support would likely be seen. A breakdown below this level will indicate that the uptrend...
