USDJPY remains in the downtrend from 109.28, the bounce from 107.88 is likely consolidation for the downtrend. Resistance levels are at 108.35 and 108,60, as long as these levels hold, the downside movement could be expected to...
AUDUSD remains in the uptrend from 0.6809, the pullback from 0.6929 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2788. As long as the trend line support holds, the upside movement could be expected to continue and next target...
EURUSD is facing the resistance level at 1.1179, a breakout of this level could trigger further upside movement towards 1.1200. Near term support is at 1.1130, below this level could bring the price back towards 1.1070.
Short Term Elliott Wave view on Nike suggests the rally to $97.05 on October 23, 2019 high ended wave 1. This rally started from August 6, 2019 low (77.5) as a 5 waves impulse Elliott Wave structure. On...
A Flat is one of the corrective structures in the Elliott Wave Theory. It is in our opinion the most dangerous and also less reliable structure. The reason is because a Flat allow analysts and traders to...
Nikkei incomplete sequence from December 26, 2018 low and August 26, 2019 low, favoring further upside. A 100% Fibonacci extension from August 26, 2019 low comes at 23360 while 100% extension from December 26, 2018 low comes...
Goldman Sachs (NYSE : GS) is one of the top 5 banks in USA and it’s stock is currently up $25% year-to-date. Last year, GS was on the edge of breaking its bullish trend which was established since 2009 but...
The Fed’s monetary stance has turned 180 degree this year. Recall last year the Fed talked about shrinking the balance sheet on auto pilot and raising interest rate. The QT (Quantitative Tightening) of $50 billion a month,...
USDCAD failed to break below 1.3015 support and rebounded from 1.3041, suggesting that lengthier sideways movement in a trading range between 1.3015 and 1.3382 is underway. Further rally would likely be seen and the target would be...
