Importance of an Elliott Wave ZigZag Fibonacci Extension Firstly the point of measuring a Fibonacci extension is to get the area pinpointed that an Elliott Wave correction will move against the trend so an entry position into...
Since Prime Minister Theresa May announced she stepped down from leadership position, the market has started to adjust the expectation for a hard Brexit scenario. Selling pressure on Poundsterling has intensified as the new prime minister hopefuls...
eBay (NASDAQ: EBAY) is the world’s largest online marketplace that facilitates consumer-to-consumer and business-to-consumer. The company was founded in 1995 and currently operating in about 30 countries. The stock is up nearly 40% so far this year and the move...
USDCAD is facing 1.3144 resistance, a break of this level would indicate that the downside movement from 1.3432 had completed at 1.3015 already, then further rally to 1.3200 area could be seen. However, as long as 1.3144...
USDJPY is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 107.20 could be treated as consolidation for the downtrend from 108.99, another fall towards...
AUDUSD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 0.6910 had completed at 0.7081 already. Deeper decline could be expected over the next several days and next target would...
GBPUSD moved sideways in a trading range between 1.2381 and 1.2578. As long as 1.2578 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2783, further decline towards 1.2300 is still possible....
EURUSD is testing 1.1193 support, a breakdown below this level could trigger further downside movement towards 1.1140. Near term resistance is at 1.1230, above this level could bring the price back towards 1.1285 resistance.
USDCAD moved sideways in a trading range between 1.3015 and 1.3144. As long as 1.3144 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3432, further decline to 1.2950 area is still...
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 108.99. As long as the channel resistance holds, the bounce from 107.20 could be treated as consolidation for the downtrend,...
