AUDUSD broke below 0.7738 key support, suggesting that the upside movement from 0.7642 had completed at 0.7813 already. Further decline could be expected after a minor consolidation and next target would be at 0.7650 area. Resistance levels...
GBPUSD dropped sharply from 1.4376 to as low as 1.4068. Deeper decline is possible and next target would be at the bottom of the price channel on the 4-hour chart. A breakdown below the channel support would...
EURUSD moved sideways in a trading range between 1.2300 and 1.2413. As long as 1.2300 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2214 and a breakout of...
Stocks and ETFs follow the same code in the market same as the rest of financial instruments like Forex. Every 5 waves impulsive structure is followed by a technical corrective sequences which come in 3-7-11. At the end of...
CL_F Elliott Wave short-term view suggests that the decline to 61.80 on 4/06/2018 low ended Intermediate wave (2). Above from there, Intermediate wave (3) remains in progress as Zigzag Elliott Wave structure. Looking to extend higher towards 70.43-72.47...
GBPJPY continues to trend higher but has bounced off the top of its long-term ascending channel visible on the 4-hour time frame. Price could be gearing up for a pullback to support at the 151.50 minor psychological...
The $SPX trend is to the upside but the Index ended the cycle from 2.2016 and like every other Index, it is correcting that cycle. In Elliott Wave Theory, corrections run in the sequences of 3-7-11 swings and...
USDJPY previously broke below support around the 109.00 major psychological level and has dipped to a low of 105.25 before pulling up. Applying the Fibonacci retracement tool on the swing high and low on the daily time...
By Elliott Wave International The choppy rise in the stock of Hershey — and the sharp recent breakdown — speak volumes to an observant Elliott wave investor. See if you can spot the tell-tale signs… Click the...
USDCAD broke below 1.2544 support and extended its downside movement from 1.2943 to as low as 1.2526. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...
