USDCAD Uptrend Pullback (Mar 9, 2018)
USDCAD is trending higher on its 4-hour time frame and is trading above an ascending trend line. Price looks ready for a pullback and applying the Fib tool on the latest swing low and high shows that...
Month: March 2018
The Last Great Myth of Every Financial Euphoria
By Elliott Wave International Beware of the “New Normal” in the Stock Market! The January 2018 Elliott Wave Financial Forecast put it this way: After two decades of Mania Era asset bubbles and sentiment extremes, what now...
USDCAD Daily Analysis – March 9, 2018
USDCAD remains in the uptrend from 1.2450. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 1.3000 could be treated as consolidation for the uptrend, and another rise...
USDJPY Daily Analysis – March 9, 2018
USDJPY broke above the top trend line of the price channel on the 4-hour chart, suggesting that the short term downtrend from 107.90 had completed at 105.24 already. Further rally could be expected in a couple of...
AUDUSD Daily Analysis – March 9, 2018
AUDUSD’s short term uptrend from 0.7712 had completed at 0.7842 already. Another fall could be expected in the coming days and next target would be at 0.7712 support. Below this level would confirm that the downtrend from...
GBPUSD Daily Analysis – March 9, 2018
GBPUSD broke below a bullish trend line on its 4-hour chart, suggesting that the short term uptrend from 1.3711 had completed at 1.3929 already. Deeper decline to test 1.3711 support would likely be seen in the coming...
EURUSD Daily Analysis – March 9, 2018
EURUSD’s bounce from 1.2155 had completed at 1.2446 already. Another fall would likely be seen in the coming days, and next target would be at 1.2155 support. Below this level could trigger further downside movement towards 1.2000....
Elliott Wave Analysis: USDJPY Correction Should Fail Below 107.9
Short Term USDJPY Elliott Wave view suggests that the rally to 107.9 ended Minor wave X. Pair is expected to resume lower while bounces stay below this level. Down from Minor wave X at 107.91, Minor wave Y is...
USDCAD Short-Term Selloff (Mar 8, 2018)
USDCAD formed a double top reversal pattern on its 1-hour time frame, signaling that the rally could be over. Price has yet to break below the neckline at 1.2865 to confirm the potential selloff. The chart pattern...
DAX Elliott Wave View: Correction Ended
DAX is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that Primary wave ((X)) ended with the rally to 12597.51. Decline from there is unfolding as a Zigzag Elliott Wave structure where Intermediate wave (A) ended at 11725...