USDJPY continued its sideways movement in a trading range between 109.78 and 110.28. The sideways movement is likely consolidation for the uptrend from 107.65, further rise to 110.80 is possible after the consolidation. Support is at 109.78,...
AUDUSD extended its downside movement from 0.6933 to as low as 0.6826, breaking below 0.6848 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...
GBPUSD moved sideways in a trading range between 1.2954 and 1.3118. 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 target...
EURUSD remains in the downtrend from 1.1172, further decline would likely be seen and a breakdown below 1.1076 support could take the price to 1.1040 area. Near term resistance is at 1.1118, a break of this level...
ConocoPhillips (NYSE: COP) is an American multinational energy corporation that was created through the merger of American oil companies Conoco and Phillips Petroleum Company on August 30, 2002. Since February 2016, COP rallied higher within an impulsive 5 waves...
A few months ago, we were expecting Microsoft to trade into the $157.00-$172.00 area. We observed a very technical impulse from all-time lows where wave (III) is ending. We explained the whole idea in the following blog Microsoft...
NZDUSD short term Elliott Wave view suggests the decline from 12.31.2019 is unfolding as a zigzag Elliott Wave structure. Down from 12.31.2019 high (0.6755), wave 1 ended at 0.6717, and wave 2 bounce ended at 0.6739. Pair...
USDCAD continued its sideways movement in a trading range between 1.3028 and 1.3079. The price action in the range is likely consolidation for the downtrend from 1.3104, further decline to 1.2950 area is possible after the consolidation....
USDJPY moved sideways in a narrow rang between 109.78 and 110.28. As long as 109.78 support holds, the sideways movement could be treated as consolidation for the uptrend from 107.65, further rise to 110.80 area is possible...
AUDUSD is facing 0.6848 support, a breakdown below this level could signal resumption of the downtrend from 0.7031, then next target would be at 0.6800 area. Near term resistance is at 0.6890, above this level could trigger...
