IYF Flat from the January 29, 2018 highs The iShares US Financials ETF, symbol IYF appears to be a flat correction lower from the January 29, 2018 highs. It has been persistent and strong enough to suggest...
Oil’s (CL_F) short term Elliott Wave view shows that the decline from 10/3/2018 high ended as 5 waves impulse in wave a at $42.41. The cycle from 10/3/2018 high has ended and Oil should now see at least a...
EURUSD For the euro today we expect a rebound from the zone of 4% and the subsequent increase to the level of the limit seller with a possible false breakdown to the zone of 8%. GBPUSD Today...
USDCAD continued its downside movement from 1.3664 and the fall extended to as low as 1.3179. Further decline is still possible and next target would be at 1.3100 area. Near term resistance is at 1.3250, above this...
After touching the bearish trend line on the 4-hour chart, USDJPY pulled back from 109.08, suggesting that the pair remains in the downtrend from 1113.70. Further decline could be expected in a couple of days and next...
AUDUSD’s upside movement from 0.6765 extended to as high as 0.7193. Near term support is at 0.7100, as long as this level holds, the upside movement could be expected to continue and next target would be at...
GBPUSD is facing 1.2814 resistance once again, a breakout of this level could trigger further upside movement towards 1.2900. Near term support is at 1.2705, below this level could bring the price back to 1.2550 area.
EURUSD extended its upside movement from 1.1303 to as high as 1.1561, breaking above 1.1500 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected...
USDJPY Technical Analysis January 8/2019 USDJPY remains bearish as long as the October 4/2018 high remains untouched. On the Daily chart there is a clear visible bearish pattern that can be seen. The blue bearish pattern triggers...
Short term Elliott Wave view in USDCAD shows that the decline from 12/31/2018 high (1.3669) is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.3669, Wave 1 ended at 1.3563, wave 2 ended at...
