Elliott Wave view in DAX suggests that Index shows an incomplete bullish sequence from December 27, 2018 low favoring more upside. On the 1 hour chart below, we can see the rally to 13374.27 ended wave 3...
USDCAD remains in the downtrend from 1.3327, the bounce from 1.3114 is likely consolidation for the downtrend. As long as 1.3204 resistance holds, the downtrend could be expected to resume, further decline towards 1.3050 is possible after...
USDJPY moved sideways in a narrow range between 109.20 and 109.70. As long as 109.20 support holds, the sideways movement could be treated as consolidation for the short term uptrend from 108.42, further rise to the top...
AUDUSD is facing the support of the rising trend line on the 4-hour chart. A breakdown below the trend line support would indicate that the upside movement from 0.6754 had completed at 0.6938 already, then further decline...
GBPUSD broke below the rising trend line on the 4-hour chart and is now facing the key support level at 1.3049. A breakdown below this level would confirm that the upside movement from 1.2768 had completed at...
EURUSD moved sideways in a trading range between 1.1103 and 1.1199. As long as the price is in the rising price channel on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...
Last week, US Dollar fell across the board after the Fed signaled it will leave policy unchanged for an extended period of time until 2021. The Fed maintained the interest rate unchanged at 1.5 – 1.75%. They...
FXE Longer Term Cycles and Elliott Wave Firstly as seen on the weekly chart shown below the instrument made a high in April 2008. There is data back to December 2005 in the ETF fund. Data correlated in...
Elliott Wave view in Nikkei (NKD_F) suggests that the Japanese Index ended wave (4) on December 3 at 22898. This is part of a bigger impulsive 5 waves rally from August 25, 2019 low (not shown on...
USDCAD extended its downside movement from 1.3327 to as low as 1.3114. Further decline is still possible after a minor consolidation and next target would be at 1.3060 area. Key resistance is at 1.3204, only break above...
