Elliott Wave Structure Suggests XLE Topping Soon
XLE Topping Soon Taking a look at the recent Elliott wave structure in XLE suggests a top may be near. Starting from the 12/24/18 low at $53.25 the energy ETF shows a 5 wave impulse in wave...
Month: April 2019
USDCAD Daily Analysis – April 15, 2019
USDCAD moved sideways in a trading range between 1.3283 and 1.3402. Another fall to test 1.3283 support would likely be seen, a breakdown below this level could take the price to 1.3200 area. Resistance is at 1.3402,...
USDJPY Daily Analysis – April 15, 2019
USDJPY extended its upside movement from 110.84 to as high as 112.09. Further rise could be expected after a minor consolidation and next target would be at 113.00 area. Near term support is at 111.80, a breakdown...
AUDUSD Daily Analysis – April 15, 2019
AUDUSD’s upside movement from 0.7052 extended to as high as 0.7192. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target...
GBPUSD Daily Analysis – April 15, 2019
GBPUSD is facing the resistance of the upper trend line of the triangle pattern on the 4-hour chart, a break of this trend line resistance could take the price to 1.3400 area. Key support is at 1.2960,...
EURUSD Daily Analysis – April 15, 2019
EURUSD extended its upside movement from 1.1183 to as high as 1.1323. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
The ‘Silver Lines’ of Opportunity
By Elliott Wave International On February 20, Variety Magazine’s “Film News Roundup” announced a new thriller coming to theaters near you: “The Silver Bear.” Funny enough, that same day, another kind of thriller was playing out in...
USDCAD Weekly Analysis – April 13, 2019
USDCAD continued its sideways movement in a trading range between 1.3250 and 1.3467. Another fall to test 1.3250 support would likely be seen next week, a breakdown below this level could trigger another fall towards 1.3000. Resistance...
USDJPY Weekly Analysis – April 13, 2019
USDJPY is testing 112.13 resistance. A breakout of this level would indicate that the upside movement from 105.05 has resumed, then next target would be at 114.00 area. Support is at the rising trend line on the...
AUDUSD Weekly Analysis – April 13, 2019
AUDUSD broke above the falling price channel on the daily chart, suggesting that the downside movement from 0.7295 had completed at 0.7003 already. Further rally could be expected in a couple of weeks and next target would...