In this technical blog, we are going to take a look at the past performance of GBPAUD, 1-Hour Elliott wave Charts that we presented to our members. But before looking into the Charts, we need to understand the market nature...
Elliott Wave View in GBPAUD suggests the decline from 5.4.2020 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from 5.4.2020 high, wave 1 ended at 1.8943 and bounce in wave 2 ended at...
By Elliott Wave International The U.S. faces the prospect of a Japan-like deflation. Let’s begin with a brief review of Japan. Here’s a chart and commentary from the 2020 edition of Robert Prechter’s Conquer the Crash: Japan...
USDCAD extended its downside movement from 1.4048 to as low as 1.3544. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
USDJPY moved sideways in a trading range between 106.74 and 108.08. As long as 106.74 support holds, the sideways movement could be treated as consolidation for the uptrend from 105.98, and another rise towards 109.00 could be...
AUDUSD extended its upside movement from 0.6401 to as high as 0.6812. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
GBPUSD extended its upside movement from 1.2073 to as high as 1.2525. Further rise is still possible and next target would be at 1.2600 area. Near term support is at 1.2430, a breakdown below this level could...
EURUSD’s upside movement from 1.0766 extended to as high as 1.1153. Further rise is still possible and next target would be at 1.1200 area. Support is at 1.1080, a breakdown below this level could bring the price...
Fortinet Inc (NASDAQ: FTNT) ended it’s initial bullish cycle from 2009 low after it rallied within an impulsive 5 waves advance which reached a pea at $121.8 peak on February of this year. The multinational corporation gained a total of...
In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOOGL, published in members area of the website. The stock is trading within the cycle from the March 1009.6 low....
