EURUSD is facing the resistance of the falling price channel on the 4-hour chart. A breakout of the channel resistance would indicate that the downside movement from 1.1239 (Dec 31, 2019 high) had completed at 1.0778 already,...
Short term Elliott wave view in Nikkei (NKD_F) suggests the Index is doing a larger degree pullback to correct the cycle up from August 26, 2019 low in wave IV, which is unfolding as a flat. Wave...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD, published in members area of the website. As our members know GBPUSD has incomplete bearish sequences...
USDCAD broke above 1.3278 resistance, suggesting that the downside movement from 1.3328 had completed at 1.3201 already. Further rise could be expected over the next several days and next target would be at 1.3350 area. Near term...
AUDUSD moved sideways in a trading range between 0.6585 and 0.6638. As long as the price is in the falling price channel on the 4-hour chart, the downside movement from 0.6749 could be expected to continue and...
GBPUSD remains in the short term uptrend from 1.2848, further rally would likely be seen in the coming days and next target would be at 1.3040 area. Near term support is at 1.2880, a breakdown below this...
EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1239 (Dec 31, 2019 high). As long as the channel resistance holds, the bounce from 1.0778 could be treated as...
USDCAD is facing 1.3278 resistance, a breakout of this level would indicate that the downtrend from 1.3328 had completed at 1.3201 already, then another rise towards 1.3300 could be seen. On the downside, as long as 1.3278...
USDJPY is in consolidation for the uptrend from 108.30, range trading between 111.20 and 112.22 would likely be seen in a couple of days. As long as 111.20 support holds, the uptrend could be expected to resume...
