By Elliott Wave International Just about everyone thinks the coronavirus pandemic slammed global stock prices in February and March. Entire countries shut down; businesses closed up shop; unemployment soared. People stopped spending money beyond the essentials, so...
In this blog, we are going to take a look at the Elliott Wave chart of EURCAD. The 4 hour chart update from May 29 shows that the pair has continued to extend lower from March 19...
Like most stocks around the world. Walt Disney Company (ticker: DIS) took a dip earlier in the year. The decline was expected across the world markets at one point during 2020, but we believe the market has...
After forming the low on 3.23.2020 low, ASX 200 (XJO) starts a new leg higher. Short term Elliott Wave chart below suggests that the rally from 3.23.2020 low is unfolding as a 5 waves impulsive Elliott Wave...
USDCAD extended its downside movement from 1.4048 to as low as 1.3727. The downside movement could be expected to continue and next target would be at 1.3600 area. Near term resistance is at 1.3840, a breakout of...
USDJPY moved sideways in a narrow range between 107.32 and 108.08. As long as 107.32 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.98, further rise towards 109.00 area is possible...
AUDUSD moved sideways in a trading range between 0.6567 and 0.6680. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...
GBPUSD failed to break below the rising trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2073. As long as the trend line support holds, the upside movement could be expected...
EURUSD’s upside movement from 1.0766 extended to as high as 1.1093. Further rise could be expected after a minor consolidation and next target would be at 1.1150 area. Near term support is at 1.1040, a breakdown below...
Wheaton Precious Metals Corp (WPM) is a multinational precious metals streaming company. Streaming is a term when a company such as WPM makes an agreement with a mining company to purchase all or part of the production...
