USDJPY moved sideways in a narrow range between 106.16 and 106.69. Support is at 106.16, below this level could take the price to 105.50 area. Resistance is at 106.69, a breakout of this level could trigger further...
AUDUSD is facing 0.6735 support, a breakdown below this level could trigger further downside movement towards 0.6677. Near term resistance is at 0.6770, above this level could take the price to test 0.6821 key resistance.
GBPUSD broke above 1.2249 resistance, suggesting that the downside movement from 1.2578 had completed at 1.2014 already. Further rally would likely be seen in a couple of days and next target would be at 1.2350 area. Near...
EURUSD moved sideways in a narrow range between 1.1063 and 1.1113. As long as 1.1113 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1249, deeper decline to 1.1026 support is still...
Hello Traders. as we always do at Elliott Wave Forecast we believe in the one Market only concept. Back in 2017, we did a blog in which we mentioned that Silver was the smartest way to sell...
GLD Longer Term Cycles and Elliott Wave Analysis Firstly the GLD ETF fund is one of the largest as well as one of the oldest Gold tracking funds out there since it’s inception date of November 18,...
Last week, traders got spooked by the yield curve inversion of the most closely watched 2 year vs 10 year bonds. Yield curve inversion between 2 year and 10 year bond is a powerful predictor of recession....
After touching 1.3344 resistance, USDCAD pulled back to 1.3300 area, suggesting that lengthier consolidation for the uptrend from 1.3015 is needed. Deeper decline would likely be seen in the coming days and the target would be at...
USDJPY broke below the rising trend line on the 4-hour chart, suggesting that the short term uptrend from 105.65 is complete. Another fall towards 105.04 would likely be seen over the next several days.
AUDUSD formed a sideways movement in a trading range between 0.6735 and 0.6821. As long as 0.6735 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.6677, further rise to 0.6900 area...
