AUDUSD’s downside movement from 0.6929 extended to as low as 0.6831. As long as 0.6865 resistance holds, the downside movement could be expected to continue and next target would be at 0.6800 area. Only break above 0.6865...
GBPUSD remains in the downtrend from 1.3012, the bounce from 1.2768 is likely consolidation for the downtrend. As long as 1.2898 resistance holds, the downtrend could be expected to resume, and further decline to 1.2650 area is...
EURUSD extended its downside movement from 1.1175 to as low as 1.1002. 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...
Short term Elliott Wave view suggests the rally in Silver ( $XAGUSD) to $18.32 high ended wave (X) bounce. Down from there, wave (Y) remains in progress & shows an incomplete sequence from 9/04/2019 peak ( $19.64)...
Gold hit a three-month low last Friday as the metal loses its luster with increasing prospect of US-China phase 1 trade deal. Spot Gold was down 3.7% last week, its biggest weekly drop since November 2016. A...
Elliott Wave View on DAX suggests that the sequence in the Index from December 27, 2018 low remains incomplete. On the short term chart below, the pullback to 11878.98 on October 4 ended wave (2). The Index...
The $SPY has been trading higher since the summer of 2019’s correction. The Index has made new all time high as we have been forecasting at Elliottwave-Forecast.com. It is currently still trading within the Super Cycle degree...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of XLK – Technology Select Sector , published at elliottwave-forecast. As our members know XLK has been showing ...
FXC Canadian Dollar Trust Long Term Cycles & Elliott Wave Firstly the FXC instrument inception date was 6/26/2006. The instrument tracks changes of the value of the Canadian dollar relative to the U.S. dollar. It increases in value...
USDCAD extended its upside movement from 1.3114 to as high as 1.3257. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
