The AUD/USD pair fell during the day on Tuesday, as the 0.74 level continues to offer resistance. That was an area that had been important to the market until Tuesday, and now that we have broken below...
NZDUSD has formed lower highs and higher lows on its 1-hour chart, creating a symmetrical triangle pattern. Price just bounced off support and could be due for a move back to resistance. The 100 SMA is below...
After touching the descending trend line on daily chart from 1375.11 (2016 high) to 1337.28, XAUUSD started a bearish movement from 1295.44. Now the fall extended to as low as 1214.19, facing the support of the rising...
After the bullish movement that has ran for several months, EURUSD pair is now under pressure by the descending trend line on daily chart, from 1.1616 (2016 high) to 1.1299, now at 1.1000. There is also an...
is is Elliott Wave analysis on SPX and DJUSRE (Dow Jones Real Estate Index) in which we are going to take a look if SPX can reach the 3189 area to the upside before ending the all time cycle....
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of GBP USD . In further text we’re going to take a look at the structures,count the...
Short Term Elliott Wave view in SPX suggests the rally from 3/27 low (2322.2) is unfolding as a leading diagonal Elliott Wave structure where Minute wave ((i)) ended at 2378.36, Minute wave ((ii)) ended at 2328.95, Minute wave ((iii)) ended at 2398.16, and Minute wave...
The USD/JPY pair had a volatile session on Monday, as we initially gapped higher, and then turned around to fall rather significantly. However, about halfway through the session we formed a nice-looking hammer on the hour chart,...
The USD/CAD pair rallied significantly during the day on Monday, as oil markets fell apart. In fact, we tested the 1.37 level, but found resistance in that area. I believe that we could get a bit of...
The British pound had a volatile session on Monday, as we chopped around above the 1.2950 level initially, and then broke lower. Because of this, I believe that the market is probably going to pull back towards...
