Short term Elliott wave view in CADJPY suggests that the rally from August 25, 2019 low ended 5 waves as a Leading diagonal structure at 84.57 high. Down from there, the pair is correcting that cycle in...
USDCAD broke above 1.3171 resistance and extended its upside movement from 1.3035 to as high as 1.3199. The upside movement could be expected to continue in a couple of days and next target would be at 1.3250...
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 110.28. Further decline would likely be seen after a minor consolidation and next target would be at 107.40 area. On...
AUDUSD’s downside movement from 0.6933 extended to as low as 0.6746. Further decline could be expected after a minor consolidation and next target would be at 0.6700 area. Near term resistance is at 0.6780, above this level...
GBPUSD is facing the support of the rising price channel on the 4-hour chart. As long as the channel support holds, the pullback from 1.3173 could be treated as consolidation for the uptrend from 1.2954, another rise...
EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1172. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
In this blog, we are going to take a quick look at the Elliottwave chart of Corn (ZC_F). The chart from 1.16.2020 New York update showed that Corn was doing a pullback in wave (2). Wave A...
In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX, published in members area of the website. As our members know USDX has incomplete bullish sequences in the cycle...
USDCAD extended its upside movement from 1.2951 to as high as 1.3171. As long as 1.3117 support holds, the upside movement could be expected to continue and next target would be at 1.3240 area. On the downside,...
USDJPY’s downside movement from 110.28 extended to as low as 108.73. Further decline could be expected after a minor consolidation and next target would be at 108.40 area. Resistance is located at the bearish trend line on...
