Copper ticker symbol: HG_F short-term Elliott wave view suggests that the pullback to 3.0101 on 5/30/2018 ended Intermediate wave (2). The internals of Intermediate wave (2) unfolded as Elliott wave double three structure where Minor wave W ended at 3.0195. Minor...
USDCAD failed to break below the bottom of the price channel on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.2728. Another rise towards 1.3100 would likely be seen in the coming days....
USDJPY extended its upside movement from 108.11 to as high as 110.26. As long as 109.37 support holds, the upside movement could be expected to continue and next target would be at 110.50 area. On the downside,...
AUDUSD extended its upside movement from 0.7476 to as high as 0.7676. Near term support is now at 0.7594. As long as this level holds, the upside movement could be expected to continue and next target would...
GBPUSD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 1.3204. As long as the price is in the channel, the upside movement could be expected to continue and next...
EURUSD extended its upside movement from 1.1510 to as high as 1.1799. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Among the things that you will learn when trading is that you can never avoid problems in the forex market. The only thing you can do is arm yourself with solutions. The forex market is a great...
FTSE short-term Elliott wave view suggests that the rally to 7903.50 high on 5/22/2018 peak ended primary wave ((1)). This rally to 7903.5 starts from 3/23/2018 low and took the form of an impulse Elliott wave structure. The index is...
USDCAD dropped sharply from 1.3066 after breaking above 1.3046 resistance. However, as long as the price is in the rising price channel on the 4-hour chart, the fall could be treated as consolidation for the uptrend from...
USDJPY’s upside movement from 108.11 extended to as high as 110.00. Further rise is still possible after a minor consolidation and next target would be at 110.40 area. Support is at 109.37, only a breakdown below this...
