In a speech to the Economic Society of Australia today, Reserve Bank of Australia (RBA) governor Phillip Lowe gave the strongest indication that the bank will cut cash rate in the next meeting. Dr. Lowe said that...
U.S. Election 2020: Many Traders always believe the Market moves are driven by fundamental outcomes. We at Elliott Wave Forecast believe that the Market follows a code which is visible and repeats itself in every single time...
EURJPY Technical Analysis May 17/2019 EURJPY can be possibly forming a bearish Gartley pattern. A Gartley pattern is a continuation of trend market pattern. This market pattern must form within a trending cycle and should never be...
USDCAD’s upside movement from 1.3357 to as high as 1.3502. Further rise to test 1.3520 resistance is possible, a break of this level could take the price to 1.3600 area. Support is at 1.3400, a breakdown below...
USDJPY extended its downside movement from 110.67 to as low as 109.27, facing the 109.00 support, a breakdown below this level could trigger further downside movement towards 108.50. Resistance is at 109.75, a break of this level...
AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that consolidation for the downtrend from 0.7205 is underway. Range trading between 0.6864 and 0.6960 would likely be seen in the...
GBPUSD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downtrend from 1.3176 is underway. Range trading between 1.2604 and 1.2813 would likely be seen in the coming days. As long...
EURUSD extended its upside movement from 1.1106 to as high as 1.1214. Further rally is still possible after a minor consolidation and next target would be at 1.1260 area. Support is at 1.1165, only a breakdown below...
USDCAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.3068. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY is facing 109.01 support, a breakdown below this level would indicate that the downtrend from 112.40 has resumed, then next target would be at 107.00 area. Key resistance is at 110.67, only break above this level...
