SPX short-term Elliott wave analysis suggests that the rally from 4/02/2018 low to $2792.25 ended the intermediate wave (1). Down from there, correction against that cycle remains in progress in 3, 7 or 11 swing structure. Also, it’s important...
USDCAD remains in the downtrend from 1.3385. As long as 1.3224 resistance holds, the downside movement could be expected to continue and next target would be at 1.2950, followed by 1.2860. Only a breakout of 1.3224 resistance...
USDJPY is now in the downtrend from 111.13, the bounce from 110.27 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and a breakdown below 110.27 support could trigger another fall towards...
AUDUSD extended its upside movement from 0.7310 to as high as 0.7424, breaking above the falling trend line on the 4-hour chart. Further rise to test 0.7443 resistance would likely be seen in the coming days, and...
GBPUSD extended its upside movement from 1.3049 to as high as 1.3249, breaking above 1.3213 resistance. Further rise is still possible in a couple of days and next target would be at 1.3314 resistance. Support level is...
EURUSD continued its sideways movement in a trading range between 1.1508 and 1.1720. Another fall towards 1.1508 support would likely be seen in the coming days, a breakdown below this level could take the price to 1.1300...
Facebook ticker symbol: $FB short-term Elliott wave analysis suggests that the rally to $203.55 ended primary wave ((1)). Down from there, the pullback in primary wave ((2)) remains in progress in 3, 7 or 11 swings to correct cycle...
USDCAD broke below 1.3129 support, suggesting that the downside movement from 1.3385 has resumed. Further decline could be expected in the coming days and next target would be at 1.2860 area. Resistance is at 1.3225, only a...
USDJPY broke below 110.35 support, suggesting that the upside movement from 109.36 had completed at 111.13 already. Further decline could be expected in the coming days and next target would be at 109.50 area. Resistance is at...
AUDUSD is testing that resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance could take the price to next resistance level at 0.7443. Above this level would indicate...
