By Elliott Wave International The “moving average” is a technical indicator of market strength which has stood the test of time. More than 30 years ago, Elliott Wave International President Robert Prechter described this indicator in his...
Short term Elliott Wave view in Dow Futures (YM_F) suggests the Index ended the cycle up from October 3, 2011 low in wave (III) at 29543 high. The index is correcting that cycle in wave (IV) as...
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3201. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY extended its downside movement from 112.22 to as low as 109.32. 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...
AUDUSD stays in a bearish price channel on the 4-hour chart chart and remains in the downtrend from 0.6749. As long as the channel resistance holds, the downside movement could be expected to continue and next target...
GBPUSD is facing 1.2848 support, a breakdown below this level would confirm that the downtrend from 1.3209 has resumed, then next target would be at 1.2750 area. Near term resistance is at 1.2950, only break above this...
EURUSD extended its upside movement from 1.0778 to as high as 1.1006. Further rise is still possible after a minor consolidation and next target would be at 1.1050 area. Near term support is at 1.0950, a break...
Short term Elliott Wave view in E-mini S&P 500 (ES_F) suggests the Index ended the cycle up from June 3, 2019 low in wave ((3)) at 3397.50 high. The index is correcting that cycle in wave ((4))...
USDCAD extended its upside movement from 1.3201 to as high as 1.3346, breaking above 1.3328 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. Support is located at...
USDJPY remains in the downtrend from 112.22, the bounce from 109.88 is likely consolidation for the downtrend. As long as 111.04 resistance holds, the downtrend could be expected to continue and next target would be at 109.60,...
