AUDUSD extended its downside movement from 0.6933 to as low as 0.6800. 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 stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2954. As long as the channel support holds the pullback from 1.3173 could be treated as consolidation for the uptrend...
EURUSD extended its downside movement from 1.1172 to as low as 1.1019. 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...
USDCAD’s bounce from 1.2951 extended to as high as 1.3170. Further rise would likely be seen next week and the target would be at the top of the price channel on the daily chart. On the downside,...
Being contained by the rising price channel on the daily chart, USDJPY pulled back from 110.28. Further decline is still possible next week and the target would be at the bottom of the channel. Near term resistance...
AUDUSD extended its downside movement from 0.7031 to as low as 0.6817. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next...
GBPUSD moved sideways in a trading range between 1.2905 and 1.3284. Support is at 1.2905, a breakdown below this level would confirm that the upside movement from 1.1958 had completed at 1.3514 already, then further decline to...
EURUSD broke below the rising trend line on the daily and is now in the downtrend from 1.1239. Further decline would likely be seen and next target would be at 1.0900 area. Resistance is located at the...
In this blog, we are going to take a quick look at the Elliottwave chart of NZDJPY. The chart from 1.22.2020 New York update showed that NZDJPY ended wave 4 at 71.234 low. The pair then extended...
Boeing ticker symbol: $BA is showing an incomplete sequence from March 1, 2019 peak favoring more downside towards $275-$248 target area to the downside. In the chart below, the stock is showing an overlapping price action from...
