USDCAD’s upside movement from 1.3159 extended to as high as 1.3400. Further rise is still possible after a minor consolidation and next target would be at 1.3450 area. Near term support is at 1.3330, a breakdown below...
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 114.03. As long as the channel resistance holds, the bounce from 112.57 could be treated as consolidation for the downtrend...
AUDUSD extended its downside movement from 0.7393 to as low as 0.7224. Further decline is still possible and next target would be at 0.7200, followed by 0.7150. Near term resistance is at 0.7270, a break of this...
GBPUSD remains in the downtrend from 1.3174. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2500...
EURUSD formed a triangle pattern on its 4-hour chart. Support is at the bottom trend line of the pattern, a breakdown below this trend line could signal resumption of the downtrend from 1.1815 (Sep 24 high), then...
In this technical blog, we are going to take a look at the past 1-hour performance of Soybean ticker symbol: ZS_F Elliott Wave charts that we presented to our clients. We are going to explain the structure and the...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Wheat Futures, published in members area of The Website. As we can see at the charts below,...
Hello fellow traders. Another instrument that we have been trading lately is BABA Stock from Group 3. In this technical blog we’re going to take a quick look at the Elliott Wave charts of BABA, published in...
Short term Elliott Wave view in USDJPY suggests that cycle from 11/12 peak (114.21) remains in progress as a double three Elliott Wave structure. Down from 114.21, Minute wave ((w)) ended at 112.27 and Minute wave ((x))...
USDCAD broke above 1.3250 resistance, suggesting that the short term downtrend from 1.3359 had completed at 1.3159 already. Further rise could be expected and next target would be at 1.3350 area. Support is at 1.3159, only a...
