AUDUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7807 already. Further rally could be expected after a correction pullback and...
GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750...
EURUSD rebounded strongly to 1.1790 area after touching the key support at 1.1689. However, another fall to test this support level is still possible, a breakdown below this level will trigger another fall towards the bottom support...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of SPX published in members area. In further text we’re going to explain the Elliott Wave count...
Microsoft stock (NASDAQ: MSFT) is showing 3 swings from all time lows and approaching the equal legs area ( 75 – 96 ) where a correction can be seen, but the move from 2009 low could still extend...
Short term Dow Futures (YM_F) Elliott Wave view suggests that rally from 6/29 low is unfolding as a a double three Elliott wave structure. Up from 6/29 low (21138), Minor wave W ended at 22132 and pullback to 21790...
GBPUSD pulled back from the August 3 high of 1.3267 and dropped sharply to 1.2845 area after failing in its attempt to break above 1.3444 resistance. On the upside The GBPUSD pair is now facing the support...
The USD/JPY pair broke out to the upside during the session on Tuesday, slicing through 110 like it wasn’t even there. That is a very bullish sign, and I believe that we could continue to see some...
The US dollar rallied significantly during the Tuesday session against the Canadian dollar, as we continue to see bearish pressure on the oil markets. Because of this, I believe that the market is going to continue the...
The British pound fell apart during the session on Tuesday, slicing through the 1.2950 level finally. It now looks as if the 1.2850 level will be support, and if we can break below there things could get...
