USDJPY is facing 107.49 support, a breakdown below this level would indicate that the upside movement from 104.44 had completed at 108.47 already, then the following downside movement could bring the price back to 106.00 area. On...
AUDUSD extended its downside movement from 0.6894 to as low as 0.6759. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
GBPUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.1958. As long as the channel support holds, the pullback from 1.2581 could be treated as consolidation for the uptrend,...
EURUSD is facing 1.0990 support, a breakdown below this level could trigger another fall to test 1.0925 support. However, as long as 1.0990 support holds, the price action from 1.1109 could be treated as consolidation for the...
SPDR S&P 500 ETF (SPY) shows an incomplete sequence from June 3, 2019 low with a 100% extension target towards 306.3 – 313.2. In the chart below, we took the more aggressive view of the rally. We...
General Motor’s contract with the United Auto Workers expired late Saturday, leaving the union and company leadership to work out the next four-year contract. The situation has been all over the news which can be misleading for...
DJUSRE (Dow Jones Real Estate Index) recently broke above 2007 peak and it would be a good time to revisit the article we published back in 2017 about Real Estate Index and highlighted the target area above...
Hello fellow Traders. The Dow Jones Transportation Average is showing why the biggest acceleration across World Indices has already passed. The Elliott Wave Theory classic pattern is represented in the following chart which shows the idea of...
No changed in our view, USDCAD remains in the downtrend from 1.3382, the bounce from 1.3133 is likely correction for the downtrend. Another fall would likely be seen after the correction and a breakdown below 1.3200 support...
After touching the resistance of the falling trend line on the daily chart, USDJPY pulled back from 108.47, suggesting that the upside movement from 104.44 had completed at 108.47 already. Another fall could be expected over the...
