EURUSD stays below a falling trend line on its daily chart and remains in the downtrend from 1.2413. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
By Elliott Wave International The great game of Wall Street — where huge amounts of money are at stake every trading day. Many speculators play this game by watching for events outside of the stock market that...
It will be impossible to completely avoid mistakes in the trading business. You will however learn how to cope with some of the mistakes and also learn how to avoid some. The measure of progress in the...
EURJPY short-term Elliott Wave view suggests that the bounce to 5/14 high at 131.38 ended Minor wave B. Down from there, the decline is unfolding as Elliott wave impulsive structure in Minor wave C lower. The internal sub-division of each leg...
In this blog, we will talk about the concept of Market Timing. Market is a wild animal which always, is in full control. Many traders want to trade every day and always getting in and out of...
USDCAD is facing 1.2924 resistance once again. A breakout of this level could take the price to next resistance level at 1.2997. Above here would aim 1.3100 area. Near term support is at 1.2820, a breakdown below...
USDJPY’s downside movement from 111.39 extended to as low as 108.95. Further decline is still possible after a minor consolidation and next target would be at 108.00 area. Resistance is now at 110.10, only a breakout of...
AUDUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 0.7412. As long as the channel support holds, the upside movement could be expected to continue and next target would...
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3617. As long as the channel resistance holds, the bounce from 1.3304 could be treated as consolidation for the downtrend....
EURUSD extended its downside movement from 1.1996 to as low as 1.1675. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the channel resistance holds, the...
