Elliott Wave View: Oil Downside Target
Oil has extended lower and short term Elliott Wave view suggests the decline from 1.8.2020 high is unfolding as a zigzag Elliott Wave structure. Down from January 8 high, wave A ended at 57.36 as a 5...
Month: January 2020
Bitcoin Goes from Danger to “Safe Haven” in January 2020. Can You Keep Up?
By Elliott Wave International At 1:53 AM on January 10, Tesla founder and a frequent social media pot-stirrer, Elon Musk, tweeted, “Bitcoin is ‘NOT’ my safe word,” only to add a wink face emoji five minutes later....
USDCAD Daily Analysis – January 23, 2020
USDCAD extended its upside movement from 1.2951 to as high as 1.3160. Further rise is still possible and next target would be at 1.3200 area. Near term support is at 1.3120, below this level could bring the...
USDJPY Daily Analysis – January 23, 2020
USDJPY broke below 109.78 support, suggesting that the upside movement from 107.65 had completed at 110.28 already. Further decline could be expected in the coming days and next target would be at 109.00 area. Near term resistance...
AUDUSD Daily Analysis – January 23, 2020
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.6933 had completed at 0.6826 already. Further rally could be expected in a couple of days and next target would be...
GBPUSD Daily Analysis – January 23, 2020
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3284 had completed at 1.2954 already. Further rally could be expected in a couple of days and next target would...
EURUSD Daily Analysis – January 23, 2020
EURUSD extended its downside movement from 1.1172 to as low as 1.1070. Further decline could be expected after consolidation and next target would be at 1.1040 area. Resistance is at 1.1118, a breakout of this level could...
EURUSD Found Intraday Sellers Against The 1.1172 High
Hello fellow traders. Another instrument that we have been trading lately is EURUSD. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the...
Elliott Wave View: EURUSD Can See Further Weakness
EURUSD short term Elliott Wave view suggests the decline from 1.6.2020 high is unfolding as a double three Elliott Wave structure. Down from January 6 high, wave ((w)) ended at 1.1132 and bounce in wave ((x)) ended...
USDCAD Daily Analysis – January 22, 2020
USDCAD broke above 1.3079 resistance, suggesting that the uptrend from 1.2951 has resumed. Further rise could be expected and next target would be at 1.3150 area. Key support is at 1.3028, a breakdown below this level could...