GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2783. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
EURUSD stays in a trading range between 1.1268 and 1.1321. As long as 1.1321 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.1412, a breakdown below 1.1268 support...
Kospi Long Term Cycles Remain Bullish The KOSPI Index in the long term has been trending higher with other world indices since inception in 1983. The index began with a base value set at 100 and trended higher...
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of Nifty index from India, which we presented to members at elliottwave-forecast.com. In which, the rally from 1/29/2019...
The highly anticipated meeting between the U.S. and China during G20 meeting in Japan has concluded. Both parties agree to resume the trade talks and the U.S also agreed to put on hold additional tariffs on $325...
Hello fellow traders. In today blog, we will have a look at Chevron Corporation (CVX) which is an American energy corporation based in San Ramon, California. It is one of the worlds largest oil companies. We will...
USDCAD is now in uptrend from 1.3059, the pullback from 1.3144 is likely corrective consolidation for the uptrend. Further rally is still possible in the coming days and next target would be at 1.3230 area. Support is...
USDJPY broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 106.77 had completed at 108.53 already. Further decline could be expected after a minor consolidation and next target would be...
AUDUSD’s fall from 0.7034 had completed at 0.6955 already. Another rise towards 0.7100 could be expected over the next several days. Support is at 0.6955, only a breakdown below this level could trigger another fall towards 0.6900.
GBPUSD’s downside movement from 1.2783 extended to as low as 1.2583. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Near term resistance is at 1.1620, a break of...
