USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 106.48. As long as the channel support holds, the price action from 109.48 could be treated as consolidation for the...
AUDUSD is facing 0.6840 resistance, a break of this level would indicate that the downside movement from 0.6929 had completed at 0.6769 already, then another rise towards 0.6900 could be seen. On the downside, as long as...
GBPUSD failed to break above 1.3012 resistance and pulled back from 1.2985, breaking below the rising trend line on the 4-hour chart. Deeper decline towards 1.2870 is possible, a breakdown below this level would confirm that the...
EURUSD remains in the uptrend from 1.0989, the pullback from 1.1090 is likely consolidation for the uptrend. As long as 1.1053 support holds, the uptrend could be expected to continue and next target would be at 1.1150...
DAX shows an incomplete Elliott Wave sequence from December 27, 2018 low favoring further upside. The rally from August 15, 2019 low (11266.48) is unfolding as an impulse Elliott Wave structure where wave 1 ended at 12814.49...
In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIKKEI published in the membership area of the elliottwave-forecast . As our members know, NIKKEI ended cycle from the 22427 low...
The Nasdaq Tracker QQQ Long Term Cycles & Elliott Wave Firstly the QQQ instrument inception date was in March 1999. That was before it ended a larger cycle up from the all time lows in March 2000....
USDCAD broke below 1.3212 support, suggesting that the upside movement from 1.3041 had completed at 1.3270 already. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...
USDJPY is now in the uptrend from 108.23, the pullback from 109.07 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and next target would be at 109.48 resistance. Near term support...
AUDUSD is in consolidation for the downtrend from 0.6929. Range trading between 0.6769 and 0.6840 would likely be seen in the coming days. Resistance is at 0.6840, as long as this level holds, the downtrend could be...
