Short term Elliott wave view in Bank of America (ticker: BAC) suggests the rally from January 27, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 27 low, wave ((i)) ended...
Since December, Bitcoin and other cryptos have been on a silent tear. Silent, because you don’t hear about it in the news — yet. But if you’ve spotted the rally, you may be wondering, “Is it too late...
USDCAD extended its downside movement from 1.3328 to as low as 1.3235, breaking below 1.3262 support. Further decline would likely be seen and next target would be at 1.3200 area. Near term resistance is at 1.3270, a...
USDJPY extended its upside movement from 108.30 to as high as 110.13. Further rise could be expected and next target would be at 110.50 area. Support is at 109.53, a breakdown below this level could bring the...
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7031. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2871 could be treated as consolidation for the downtrend from 1.3209, further decline...
EURUSD’s downside movement from 1.1095 extended to as low as 1.0865. Key resistance is at 1.0925, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.0800...
$EURGBP FX Pair Longer Term Cycles and Elliott Wave Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark...
Short term Elliott wave view in AUDUSD suggests the pair ended the cycle from January 1, 2020 high in wave (1) at 0.6658 low. Down from January 1, wave 1 ended at 0.6845 low and wave 2...
In this blog, we are going to take a look at the Elliottwave chart of EURCAD. Based on the daily chart shown below, the pair is doing a correction in wave IV right now. The correction is...
