GBPUSD broke above 1.3350 resistance, suggesting that the upside movement from 1.2772 has resumed. Further rise is still possible in a couple of days and next target would be at 1.3500 area. Support is at 1.3200, only...
EURUSD stays above a bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.1176. As long as the trend line support holds, the upside movement could be expected to continue...
Patience is Paying Off for Traders that are Long XLP After consolidating sideways for over two weeks XLP appears to be rewarding longs for their patience. Since 12/26/2018, XLP has risen from a low of $48.33 to...
In this technical blog, we are going to take a look at the past performance of XLE Elliott Wave 1-Hour Charts that we presented to our members. In which, the cycle from 12/24/2018 low took place as...
Gold has ended the cycle from August 16, 2018 low at $1347.18 as wave (A). The yellow metal is in the process of correcting the cycle from August 16, 2018 low in 3, 7, or 11 swing...
USDCAD’s pullback from 1.3467 extended to as low as 1.3350. Deeper decline is still possible and next target would be at 1.3300 area. Resistance is at the falling trend line on the 4-hour chart, a breakout of...
USDJPY is in consolidation for the downtrend from 112.13. Range trading between 110.77 and 111.60 would likely be seen in a couple of days. Resistance is at 111.60, as long as this level holds, the downside movement...
AUDUSD remains in the uptrend from 0.7003, the pullback from 0.7091 is likely correction for the uptrend. Another rise could be expected after the correction and next target would be at 0.7170 area. Key support is at...
GBPUSD failed to break above 1.13350 resistance and stayed in a trading range between 1.2960 and 1.3350. Lengthier consolidation in the trading range is possible in a couple of days. Another rise towards 1.3600 would likely be...
EURUSD’s upside movement from 1.1176 extended to as high as 1.1304. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target...
