USDCAD Daily Analysis – December 27, 2018
USDCAD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.3253. As long as the price is in the channel the pullback from 1.3617 could be treated as consolidation for...
Month: December 2018
USDJPY Daily Analysis – December 27, 2018
USDJPY remains in the downtrend from 113.70, the bounce from 110.26 is likely consolidation for the downtrend. Range trading between 110.26 and 111.70 would likely be seen in a couple of days. As long as 111.70 resistance...
AUDUSD Daily Analysis – December 27, 2018
AUDUSD remains in the downtrend from 0.7393, the bounce from 0.7031 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 0.6950 area. Resistance is at 0.7120,...
GBPUSD Daily Analysis – December 27, 2018
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 1.3174 had completed at 1.2475 already. Further rally would likely be seen and next target would be at 1.2850 area. Near...
EURUSD Daily Analysis – December 27, 2018
EURUSD is now in the downtrend from 1.1485, further decline could be expected in the coming days and next target would be at 1.1267 support. Resistance is at 1.1420, only break above this level could trigger another...
CVR Energy (NYSE:CVI) – Another 5 Waves Rally To Follow
CVR Energy (NYSE:CVI) is presenting one of the best technical structure in Energy market despite the recent scary 40% drop in Oil prices. At Elliottwave Forecast, we believe in the One Market Concept, therefore, we always look for...
Elliottwave-Forecast.com Analysis Foretold the Reaction of XLY to FOMC Rate Decision
Technical based traders using EWF’s Blue Box System on 12/19/2018 executed a near perfect entry short in the Consumer Discretionary ETF – XLY before the FOMC rate decision. Prior to the actual trigger of the trade, Elliottwave-Forecast.com...
NZDUSD : Possible Bullish Patterns
NZDUSD remains bullish as long as the October 8/2018 low remains untouched. On the Daily chart there are clear visible bullish patterns that can be seen. In the chart below, market patterns are used to determine where...
USDCAD Daily Analysis – December 24, 2018
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.3253. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY Daily Analysis – December 24, 2018
USDJPY remains in the downtrend from 113.70, the bounce from 110.81 is likely consolidation for the downtrend, a breakdown below 110.81 support could trigger further downside movement towards 110.00. Resistance is at 111.70, only a break of...