With the official signing of Phase 1 trade deal between US and China today, we may have seen the worst in Soybean’s market at least in the short term. This of course assumes that China can commit...
Elliott Wave view on Nasdaq (NQ_F) suggests the rally from October 3, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the 45 minutes chart below, wave (3) of the impulse structure ended at...
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of FCX, which we presented to members at elliottwave-forecast. In which, the rally from 9 October 2019, showed an impulse sequence...
USDCAD is facing 1.3028 support, a breakdown below this level could take the price to 1.2950 area. Near term resistance is at 1.3080, a breakout of this level could signal resumption of the uptrend from 1.2951, then...
USDJPY is in consolidation for the uptrend from 107.65, range trading between 109.40 and 110.20 would likely be seen in a couple of days. As long as 109.40 support holds, the uptrend could be expected to resume,...
AUDUSD is facing 0.6919 resistance, a breakout of this level could trigger further upside movement from 0.6848 to 0.6950 area. Near term support is at 0.6875, a breakdown below this level would indicate that the downtrend from...
GBPUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2954 could be treated as consolidation for the downtrend from 1.3284 and...
EURUSD broke above the top of the price channel on the 4-hour chart, suggesting that the downside movement from 1.1239 had completed at 1.1085 already. Further rally would likely be seen and next target would be at...
Elliott Wave view on Bitcoin (BTCUSD) suggests the rally from December 18, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the 1 hour chart below, we can see wave ((iii)) of the impulse...
No changed in our view, USDCAD is now in the downtrend from 1.3104, another fall towards 1.2950 would likely be seen in the coming days, and a breakdown below 1.3028 support could signal resumption of the downtrend....
