GBPUSD is facing 1.2930 resistance, a break of this level would indicate that the upside movement from 1.2396 has resumed, then further rise towards 1.3000 could be seen. Near term support is at 1.2780, below this level...
EURUSD remains in the downtrend from 1.1570, further decline could be expected after a minor consolidation and next target would be at 1.1300 area. Resistance is at 1.1440, a break of this level could trigger another rise...
The market owners’ cash investments in CME Group stock derivatives on the S&P500 stock index amounted to $ 1 trillion 161 billion 741 million. The capitalization of investments increased by 3%. The net advantage of bullish positions...
USDCAD moved sideways in a trading range between 1.3179 and 1.3322. The sideways movement is likely consolidation for the downtrend from 1.3664, another fall towards 1.3100 is still possible after the consolidation. Key resistance is at 1.3400,...
USDJPY stayed in a trading range between 107.76 and 109.08 for several days. The price action in the range is likely consolidation for the uptrend from 105.05. As long as 107.76 support holds, the upside movement could...
AUDUSD is in consolidation for the uptrend from 0.6765. Range trading between 0.7100 and 0.7235 would likely be seen in a couple of days. Support is at 0.7100, as long as this level holds, the upside movement...
GBPUSD remains in the uptrend from 1.2396, the pullback from 1.2930 is likely correction for the uptrend. Another rise towards 1.3000 could be expected in the coming days. Near term support is at 1.2780, below this level...
EURUSD extended its downside movement from 1.1570 to as low as 1.1382. Deeper decline is still possible after a minor consolidation and next target would be at 1.1300 area. Near term resistance is at 1.1440, above this...
Short term Elliott Wave view of Alibaba (BABA) calls for the rally from Dec 24, 2018 low ($129.1) as a 5 waves impulse Elliott Wave structure. Up from there, wave ((1)) ended at $142.51 and wave ((2))...
The World Indices have seen the biggest decline since the lows at 2009. However, despite the size of the decline, it does not affect the overall trend. We at Elliott Wave Forecast always say that knowing the cycles...
