Australia has a fair share of wealthy people who have invested in many different sectors of the economy. Most wealthy Australians tend to keep a low-profile life but their riches always speaks for them. The Australian financial...
XLI: Industrial sector ETF short-term Elliott wave view suggests that the decline to 70$ on May 03 low ended cycle degree wave IV pullback. Above from there, the instrument rallied higher as an impulse and has scope to resume the cycle degree...
USDCAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100...
USDJPY remains in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall towards 106.00 is possible after the correction. Near term support is at 109.00, a breakdown below this level...
AUDUSD failed to breakout of 0.7605 resistance and stayed in the trading range between 0.7476 and 0.7605. Another rise to test 0.7605 resistance is possible and a breakout of this level could take the price to 0.7650...
GBPUSD’s bounce from 1.3204 extended to as high as 1.3361. Further rise could be expected in a couple of days and next target would be at 1.3400, followed by 1.3617. Support levels are at 1.3250 and 1.3204,...
EURUSD’s downside movement from 1.1996 had completed at 1.1510 already. Further rise is possible in the coming days and next target would be at 1.1750, followed by 1.2000. Support levels are at 1.1600 and 1.1510, only break...
Forex trading is a game of risk, and it’s no surprise that most traders actually lose money on their investments. Some reports being circulated put the actual figure at an astonishing 95%, even though the source of...
USDCAD broke above 1.2997 resistance, suggesting that the upside movement from 1.2526 has resumed. Further rise would likely be seen and next target would be at 1.3200 area. Support is at 1.2728, only a breakdown below this...
USDJPY is now in the downtrend from 111.39, the bounce from 108.11 is likely correction of the downtrend. Another fall could be expected after the correction and a breakdown below 108.11 support could take the price to...
