USDJPY moved sideways in a trading range between 109.14 and 109.99. As long as 109.14 support holds, the price action in the range could be treated as consolidation for the uptrend from 107.76, further rise to 110.40...
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7235. As long as the price is in the channel, the downside movement could be expected to continue and next...
GBPUSD broke above 1.3000 resistance and extended its upside movement from 1.2396 to as high as 1.3094. Further rise is still possible after a minor consolidation and next target would be at 1.3200 area. Near term support...
EURUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.1336 could be treated as consolidation for the downtrend from 1.1570, another...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Palladium Futures, published in members area of the website. As our members know, the commodity has had...
The current price action and Elliott wave analysis suggest further declines for TSLA shares. Not even a full month into the new year TSLA shares have already seen 2 large declines. The first drop was blamed on...
Last week, we talked about the Grand super cycle and Super cycle from 2009 low in UK FTSE and explained how it was supporting the idea of buy in the dips in the World Indices. In this...
The Elliott Wave Theory is based on the idea that the market advances in 5 waves and pullback in 3 waves. The idea has become very famous and millions of traders around the world practice it. We...
The nearest long-term area of resistance is the 20% sellers area (229.95-255.22). The nearest long-term area of support is 30% of sellers (127.69-102.41).The next support level on the daily timeframe is the technical minimum of March 25,...
We know — and you know — how frustrating it can be to find a reliable trading method. Yet, somehow, 5% of all traders DO make money trading. What’s their secret? Our friends at Elliott Wave International...
