AUDUSD failed to break below 0.6677 support and moved sideways in a trading range between 0.6677 and 0.6821. Another rise towards 0.6800 would likely be seen in the coming days. As long as 0.6821 resistance holds, the...
GBPUSD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2014 had completed at 1.2293 already. Further decline would likely be seen and next target would be at 1.2060 area....
EURUSD remains in the uptrend from 1.1051, the pullback from 1.1164 is likely corrective consolidation for the uptrend. Another rise could be expected and next target would be at 1.1200 area. Near term support is at 1.1080,...
Elliott Wave structure in Netflix shows an incomplete bearish sequence suggesting the stock should continue to see selling pressure. On the chart below, the rally to 316.59 ended wave 2. The stock has extended lower in wave...
FXA Bearish Cycle From The July 2011 Highs Firstly the FXA ETF fund is the Australian dollar tracking fund that has an Inception Date of 06/21/2006. With that said the fund mainly reflects the currency spot price of the...
Hello fellow traders. In today’s blog, we will have a look at the Daimler AG stock. The stock is listed in the DAX 30 and in the EURO Stoxx 50. Daimler AG is a German multinational automotive company...
Last week, there was anticipation of market volatility as the Fed’s Chairman Jerome Powell was scheduled to speak at Jackson Hole. President Trump and China however stole the show. China introduced fresh retaliatory tariffs on $75 billion...
USDCAD moved sideways in a trading range between 1.3250 and 1.3344. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...
USDJPY broke below 105.04 support, suggesting that the downtrend from 109.31 has resumed. Further decline is still possible and next target would be at 104.00 area. Near term resistance is at 105.45, above this level could trigger...
AUDUSD broke below 0.6735 support and extended its downside movement from 0.6821 to as low as 0.6688. Deeper decline to test 0.6677 support is still possible, a breakdown below could take the price to 0.6600 area. Resistance...
