Back in September 2019, we said Eurostoxx break above July 25 2019 created an incomplete bullish sequence from December 27, 2018 low. This called for extension higher toward 3849 – 3993 area to complete the sequence from...
In this blog, we will take a look at the recent price action of USDSEK since we published the short-term view for this pair in Chart of the day on 12.6.2019 Pair was showing an incomplete sequence...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of BABA Stock published in members area of the Elliottwave-Forecast.com . As our members know, BABA is showing...
Short Term Elliott Wave view in GBPUSD suggests that the rally to 1.3516 ended wave ((A)). This rally ended cycle from 9.3.2019 low as a 5 waves impulsive Elliott Wave structure. Pair is now correcting cycle from...
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3327. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
USDJPY broke below 109.20 support, suggesting that the short term uptrend from 108.42 had completed at 109.70 already. Further decline would likely be seen in the coming days and the target would be at the bottom of...
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6754. As long as the trend line support holds, the upside movement could be expected to continue and next target...
GBPUSD broke below 1.3049 support, suggesting that the upside movement from 1.2768 had completed at 1.3514 already. Further decline could be expected in a couple of days and next target would be at 1.2850 area. Near term...
EURUSD is facing 1.1103 support, a breakdown below this level would confirm that the upside movement from 1.0981 had completed at 1.1199 already, then another fall towards 1.1000 could be seen. Near term resistance is at 1.1150,...
Shopify (NYSE: SHOP) surged higher this year after a strong Breakout of a Bullish Flag which allowed the stock to rally almost 200%. Despite the 40% correction that took place since August, SHOP managed to recover and it’s...
