DAX Short Term Elliott Wave view suggests that the Index ended Intermediate wave (X) pullback at 12731.46. The rally from there is unfolding as a 5 waves impulse Elliott Wave structure where Minutte wave (i) ended at 12943, Minutte wave (ii)...
USDJPY has formed lower highs and found support at the 112.00 major psychological level, creating a descending triangle pattern on its 4-hour time frame. Price bounced off the bottom to make another test of resistance, which appears...
By Elliott Wave International The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, “Trading the Line — 5 Ways You Can Use Trendlines to Improve Your Trading Decisions.” “How to draw a trendline” is one...
The US dollar initially rally during the trading session on Monday, reaching towards the 113.40 level. We fell from there and broke to the 113 handle. As an area that has been important in the past, so...
The US dollar rallied a bit during the trading session on Monday, as we are starting to see a little bit of a “risk off” attitude, as the 1.25 level above is a significant barrier though, and...
The British pound fell slightly during the trading session on Monday, reaching down towards the 1.35 handle. There is a significant amount of support in that area though, and I believe that the buyers will return to...
The EUR/USD pair rolled over a bit during the trading session on Monday, as the 1.20 level underneath had been broken. I think that the 1.19 level underneath is also supportive, so even if we do continue...
The Australian dollar has climbed a nice up trending channel over the last several sessions, but finally break down below the uptrend line on Monday. Ultimately, looks as if were going to go down to the 0.78...
USDCAD remains in the downtrend from 1.2920. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.2355 could be treated as consolidation of the downtrend. A breakdown below...
USDJPY moved sideways in a trading range between 112.03 and 113.75. The sideways movement is likely consolidation of the uptrend from 110.84. A breakout of 113.75 resistance could trigger another rise towards 115.50. Only a breakdown below...
