AUDUSD broke below 0.7193 support and extended its downside movement from 0.7295 to as low as 0.7100. Further decline could be expected in the coming days and next target would be at 0.7050 area. Near term resistance...
GBPUSD stays in a falling price channel on the 4-hour chart. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 1.2850 area. Near...
EURUSD extended its downside movement from 1.1514 to as low as 1.1360. Further decline is still possible after a minor consolidation and next target would be at 1.1300 area. Resistance is at 1.1400, only break above this...
Elliott wave view in General Electric (ticker symbol: $GE) suggests that the rally from December 11.2018 low ($6.66) is unfolding as Elliott wave zigzag structure when the first leg of a bounce ended in lesser degree 5...
Many Elliott wave practitioners call every WXY structure a double zigzag structure when in reality, every WXY structure is not a double zigzag structure. In this blog, we explain the difference between a double zigzag Elliott wave...
NZDCAD remains bullish as long as today’s low (0.9008) remains untouched. On the 1 hour chart there are clear visible bullish patterns that can be seen. In the chart below, market patterns are used to determine where...
$SPY : More Volatility Still To Come Due to Market Nature Looking at the Monthly chart of the Index, we can conclude that most Volatility is still to come. The Market by nature advances with the trend...
The “host market” cash investments in derivatives for the Canadian dollar of the CME Group exchanges amounted to $ 26 billion 429 million. The capitalization of investments decreased by 15%. The net advantage of bullish positions increased...
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.3068 could be treated as consolidation for the downtrend from 1.3374, another...
USDJPY remains in the uptrend from 108.49. Further rise could be expected after a minor consolidation and next target would be at 111.50 area. Near term support is at 109.40, only a breakdown below this level could...
