UUP Bullish Cycles from May 2011 lows
UUP Bullish Cycles from May 2011 lows Firstly the dollar tracking ETF fund UUP inception date was 2/20/2007. Interestingly the dollar index has a low in March 2008. The UUP ETF fund shows a low in May...
Month: September 2019
Elliott Wave View: Impulsive Rally in Amazon (AMZN)
Short term Elliott Wave view in Amazon (AMZN) suggests that the rally from August 6, 2019 (1743.51) low is unfolding as a 5 waves impulsive Elliott Wave structure. We label the pullback to 1743.51 as wave (B). The...
USDCAD Weekly Analysis – September 8, 2019
USDCAD broke below 1.3184 support, suggesting that the upside movement from 1.3015 had completed at 1.3382 already. Further decline could be expected after a minor consolidation and next target would be at 1.3000 area. Resistance is at...
USDJPY Weekly Analysis – September 8, 2019
USDJPY broke above 1.0697 resistance. Further rally would likely be seen next week and the target would be at the falling trend line on the daily chart. However, as long as the trend line resistance holds, the...
AUDUSD Weekly Analysis – September 8, 2019
AUDUSD broke above 0.6821 resistance, suggesting that the downtrend from 0.7081 had completed at 0.6677 already. Further rally could be expected in a couple of weeks and next target would be at 0.7000 area. Support is at...
GBPUSD Weekly Analysis – September 8, 2019
GBPUSD is facing the resistance of the falling price channel on the daily chart. As long as the channel resistance holds, the bounce from 1.1958 could be treated as consolidation for the downtrend from 1.3381, further decline...
EURUSD Weekly Analysis – September 8, 2019
EURUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.1412. As long as the channel resistance holds, the bounce from 1.0925 could be treated as consolidation for the downtrend,...
How to Spot High-Confidence Trading Opportunities in a “Pinch”!
By Elliott Wave International When it comes to the world of technical market analysis, the biggest obstacle isn’t a lack of quality, but rather, an abundance of choice. There are literally hundreds of technical tools out there,...
USDCAD Daily Analysis – September 6, 2019
USDCAD is now in the downtrend from 1.3382, the bounce from 1.3191 is likely consolidation for the downtrend. Further decline would likely be seen after the consolidation and next target would be at 1.3130 area. Near term...
USDJPY Daily Analysis – September 6, 2019
USDJPY extended its upside movement from 104.44 to as high as 107.22, breaking above 107.08 resistance. Further rally is still possible in a couple of days and next target would be at 107.70 area. Near term support...