USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4264. As long as the trendline resistance holds, the downside movement could be expected to continue and next target would...
USDJPY broke below 106.90 support, suggesting that the downtrend from 109.38 has resumed. Further decline would likely be seen and next target would be at 105.00 area. Near term resistance is at 107.00, a breakout of this...
AUDUSD extended its upside movement from 0.6253 to as high as 0.6529. Further rise would likely be seen and next target would be at 0.6650 area. Near term support is at 0.6460, a breakdown below this level...
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2246. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
EURUSD extended its upside movement from 1.0727 to as high as 1.0888. Further rise would likely be seen in a couple of days and next target would be at 1.0950 area. Near term support is at 1.0800,...
The $QQQ Nasdaq Tracker Long Term Cycles & Elliott Wave Firstly the QQQ instrument inception date was in March 1999. That was before it ended a larger cycle up from the all time lows in March 2000....
By Elliott Wave International A question was posed to Elliott Wave International President Robert Prechter for a classic Elliott Wave Theorist (Prechter’s monthly publication about financial markets and social trends since 1979): Under the Wave Principle, what...
USDCAD remains in the downtrend from 1.4264, further decline would likely be seen in a couple of days and next target would be at 1.3900 area. Near term resistance is at 1.4120, only break above this level...
USDJPY is facing 106.90 support, a breakdown below this level could trigger further downside movement towards 105.00. Key resistance is at 108.08, a break of this level could bring the price back towards 109.00.
AUDUSD broke above 0.6444 resistance, suggesting that the upside movement from 0.5507 has resumed. Further rise could be expected in a couple of days and next target would be at 0.6600 area. Near term support is at...
