EURUSD Daily Analysis – May 26, 2020
EURUSD extended its downside movement from 1.1008 to as low as 1.0870. Further decline is still possible in a couple of days and next target would be at 1.0800 area. Near term resistance is at 1.0930, a...
Month: May 2020
DAX Elliott Wave Forecasting The Path
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of DAX . As our members know DAX has recently given us pull back against the March 8239.5...
Chipotle Mexican Grill (NYSE: CMG) – Target Around the Corner
Chipotle Mexican Grill (NYSE: CMG) has been able to adapt within the current pandemic situation by adjusting its operations to handle digital orders and and made deliveries. Last week , the stock hit a record high, going over $1,000...
USDCAD Daily Analysis – May 25, 2020
USDCAD extended its upside movement from 1.3866 to as high as 1.4048. Further rally is still possible and next target would be at the falling trend line on the 4-hour chart. Near term support is at 1.3950,...
USDJPY Daily Analysis – May 25, 2020
USDJPY remains in the uptrend from 105.98. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 108.50...
AUDUSD Daily Analysis – May 25, 2020
AUDUSD is facing 0.6500 support. As long as this level holds, the pullback from 0.6615 could be treated as consolidation for the uptrend from 0.6401, and another rise towards 0.6700 is possible after the consolidation. On the...
GBPUSD Daily Analysis – May 25, 2020
GBPUSD is now in the uptrend from 1.2073, the pullback from 1.2296 is likely corrective consolidation for the uptrend. Further rally would likely be seen and next target would be at 1.2450 area. Support is at 1.2073,...
EURUSD Daily Analysis – May 25, 2020
EURUSD broke below 1.0918 support, suggesting that the upside movement from 1.0774 had completed at 1.1008 already. Deeper decline could be expected in the coming days and next target would be at 1.0800 area. Resistance is at...
Why Bear-Market Rallies Are So Tricky
By Elliott Wave International Many stock market investors believe that prices have already bottomed. Numerous banks, brokers and financial firms have issued statements saying as much. Indeed, the May Elliott Wave Theorist, a monthly publication which has...
Elliott Wave View: Nasdaq Wave ((5)) In Progress
Short term Elliott Wave chart below suggests the dips to 8848.71 ended wave ((4)). This is part of a larger impulsive rally which started from 3.23.2020 low. Wave ((5)) is currently in progress as 5 waves in...