GBPUSD Weekly Analysis – January 12, 2020
GBPUSD is now in the downtrend from 1.3514. Further decline would likely be seen in a couple of weeks and next target would be at 1.2600 area. Near term resistance is at 1.3300, only break above this...
Month: January 2020
EURUSD Weekly Analysis – January 12, 2020
EURUSD broke below the rising trend line on the daily chart, facing the key support level at 1.1066. As long as this level holds, the pullback from 1.1239 would possibly be consolidation for the uptrend from 1.0981,...
Using Market Correlation to Time The Entries
Last year turned out to be great for GBP crosses as they managed to put in strong rallies in favor of GBP since December 2018 lows or highs. In this article, we would concentrate on two of...
AMAZON ( $AMZN ) Buying The Dips At Blue Box Area
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AMAZON Stock published in members area of the Elliottwave-Forecast.com . As our members know, we were calling...
Elliott Wave View: Dow Jones Future ($YM_F) Bullish Structure Likely Extends
Elliott Wave view on Dow Jones Futures ($YM_F) suggests that the rally from October 3, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, rally to 28893 ended wave (3) and...
USDCAD Daily Analysis – January 10, 2020
USDCAD’s upside movement from 1.2951 extended to as high as 1.3104. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target...
USDJPY Daily Analysis – January 10, 2020
USDJPY extended its upside movement from 107.65 to as high as 109.58, facing the resistance level at 109.70. Near term support is at 109.30, as long as this level holds, the upside movement could be expected to...
AUDUSD Daily Analysis – January 10, 2020
AUDUSD stays below the falling trend line on the 4-hour chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
GBPUSD Daily Analysis – January 10, 2020
GBPUSD broke below 1.3053 support, suggesting that the upside movement from 1.2905 had completed at 1.3284 already. Further decline could be expected and next target would be at 1.2900 area. Resistance is located at the falling trend...
EURUSD Daily Analysis – January 10, 2020
EURUSD extended its downside movement from 1.1239 to as low as 1.1092. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...