GBPUSD is facing the resistance of the falling trend line on the 4-hour chart. A clear break above the trend line resistance would indicate that the downside movement from 1.3174 had completed at 1.2723 already, then further...
EURUSD broke above 1.1340 resistance, suggesting that the downside movement from 1.1472 had completed at 1.1267 already. Further rally would likely be seen and next target would be at 1.1450 area. Support is at 1.1320, only a...
Short term Elliott Wave View in Amazon (ticker: AMZN) suggests that the bounce to 1784 ended Cycle degree wave x. Cycle degree wave y is currently in progress lower as a double three Elliott Wave structure. Down...
In this blog, I want to share some short-term Elliott Wave charts of Copper which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 10/20/18 indicating that Copper ended the...
USDCAD broke above 1.3317 resistance, suggesting that the uptrend from 1.2782 (Oct 1 low) has resumed. Further rise could be expected and next target would be at 1.3400 area. Near term support is at 1.3285, a breakdown...
USDJPY’s upside movement from 112.30 extended to as high as 113.85. Further rise is still possible and next target would be at 114.00 area. Near term support is at 113.40, a breakdown below this level could bring...
AUDUSD stays in a trading range between 0.7201 and 0.7277. As long as 0.7277 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7337, and further decline to 0.7100...
GBPUSD’s fall from 1.2927 extended to as low as 1.2725. Further decline to test 1.2695 support is possible in the coming days, below this level would aim 1.2500. Near term resistance is at 1.2780, only a break...
EURUSD extended its downside movement from 1.1472 to as low as 1.1277. Further decline is still possible and next target would be at 1.1215 support. Near term resistance is at 1.1340, only a breakout of this level...
Cycle from Sept 24 high (1.182) in EURUSD remains in progress as an Elliott Wave impulse structure where Primary wave ((1)) ended at 1.1214 and Primary wave ((2)) is proposed complete at 1.147. Pair still needs to...
