EURAUD Head and Shoulders (Apr 11, 2018)
EURAUD could be due for a downtrend as a head and shoulders pattern has formed on its 4-hour chart. Price has yet to break below the neckline at 1.5900 to confirm the potential drop. The 100 SMA...
Month: April 2018
Nifty 50 Index Bullish Sequence to the All Time Highs
The Nifty 50 Index has a bullish sequence from the lows to the all time highs. The index currently shows nine swings up from the all time lows into the 2018 highs. It is now correcting the cycle...
5 short (free) videos to test and improve your Elliott wave knowledge
Our friends at Elliott Wave International (EWI) often say that one of the fastest ways to learn Elliott is to test your knowledge in real markets. So, they’ve put together 5 free, short videos where Jeffrey Kennedy,...
USDCAD Daily Analysis – April 11, 2018
USDCAD continued its downside movement from 1.2943 and the fall extended to as low as 1.2587. Further decline is still possible and next target would be at 1.2500, followed by 1.2350. The key resistance is located at...
USDJPY Daily Analysis – April 11, 2018
USDJPY remains in the uptrend from 104.63, the sideways movement in a trading range between 106.61 and 107.49 is likely consolidation for the uptrend. As long as 106.61 support holds, the uptrend could be expected to resume...
AUDUSD Daily Analysis – April 11, 2018
AUDUSD extended its upside movement from 0.7642 to as high as 0.7769, facing the resistance at 0.7785. Support is at 0.7725, as long as this level holds, the upside move could be expected to continue. However, a...
GBPUSD Daily Analysis – April 11, 2018
GBPUSD’s bounce from 1.3965 extended to as high as 1.4187. Further rise to test 1.4244 resistance is still possible. As long as this level holds, the bounce would possibly be correction of the downtrend from 1.4244, and...
EURUSD Daily Analysis – April 11, 2018
EURUSD broke above the falling price channel on its 4-hour chart, suggesting that the downside movement from 1.2476 had completed at 1.2214 already. Further rally would likely be seen and next target would be at 1.2500 area....
Market Nature and The Elliott wave Theory
The human nature by definition is the general psychological characteristics, feelings, and behavioral traits of humankind. As such, everyone shares this nature. Similarly, the market also has a market nature and since it is created by humans,...
Fibonacci Reveals the Stock Market’s Next Big Move
By Elliott Wave International The stock market’s recent triple-digit swings might have many investors wondering if the path of prices is completely random. But, as random as prices may appear, EWI’s analysts can assure you that a...