$SMH Elliott Wave and Longer Term Cycles
$SMH Elliott Wave and Longer Term Cycles Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the fund made a low in November 2008. This...
Month: January 2020
Elliott Wave View: Oil ($CL_F) Decline in Impulsive Structure
Elliott Wave view on Crude Oil ($CL_F) suggests rally to $65.69 on January 8, 2020 ended wave (1). This ended a 5 waves rally from October 3, 2019 low. Oil is now doing wave (2) pullback to correct...
NQ_F Buying Elliott Wave 4 Dip in Blue Box Area
NQ_F (Nasdaq Futures) made a sharp decline yesterday evening after New York closing and then reacted higher in a very strong manner. Our preferred Elliott wave count treats the dip last night as a Minor wave 4...
USDCAD Daily Analysis – January 9, 2020
USDCAD is in consolidation for the downtrend from 1.3327. Further rally is still possible and the target would be at the bearish trend line on the 4-hour chart. However, as long as the trend line resistance holds,...
USDJPY Daily Analysis – January 9, 2020
USDJPY broke above 108.86 resistance, suggesting that the downtrend from 109.70 had completed at 107.65 already. Further rise could be expected after a minor consolidation and next target would be at 109.50 area. Near term support is...
AUDUSD Daily Analysis – January 9, 2020
AUDUSD extended its downside movement from 0.7031 to as low as 0.6848. 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...
GBPUSD Daily Analysis – January 9, 2020
GBPUSD continued its sideways movement in a trading range between 1.3053 and 1.3284. The sideways move is likely consolidation for the uptrend from 1.2905, further rise to 1.3400 area is possible after the consolidation. Near term support...
EURUSD Daily Analysis – January 9, 2020
EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.0981 had completed at 1.1239 already. Further decline could be expected and next target would be at 1.1060 area. Near...
Elliott Wave View: Nikkei Finding Support
Elliott Wave view on Nikkei (NKD_F) suggests the rally to 24148 on December 17, 2019 ended wave ((1)). Index is now doing a wave ((2)) pullback and the internal is unfolding as double three Elliott Wave structure....
Advanced Micro Devices INC: $AMD Reaching Target Area
Advanced Micro Devices INC ($AMD) has been in a tremendous rally since the lows in 2015. The Instrument is rallying within the Grand Supercycle, and the target is between $50.32-$61.81 area. We have been calling this target...