USDCAD moved sideways in a trading range between 1.3211 and 1.3278. As long as 1.3278 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.3328, another fall towards 1.3180...
USDJPY extended its upside movement from 108.30 to as high as 112.22. Further rise would likely be seen after a minor consolidation and next target would be at 113.00 area. Near term support is at 111.20, only...
AUDUSD’s downside movement from 0.6749 extended to as low as 0.6591. Further decline could be expected after a minor consolidation and next target would be at 0.6550 area. Resistance is at 0.6640, as long as this level...
GBPUSD extended its downside movement from 1.3069 to as low as 1.2848, breaking below 1.2871 support. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected...
EURUSD moved sideways in a trading range between 1.0778 and 1.0821. As long as 1.0821 resistance holds, the downside movement from 1.1095 could be expected to continue and next target would be at 1.0700 area. On the...
Bausch Health (Ticker: BHC) reported Q4 revenue of $2.22 billion, which is a 5% YoY increase. The result was slightly higher than the consensus estimate of $2.2 billion. The company also reported a $1.51 billion net loss,...
Short term Elliott wave view in NASDAQ (NQ_F) suggests the Index ended the cycle up from February 1, 2020 low in wave 1 at 9687.50 high. The index then corrected that cycle up in wave 2 as...
Hello fellow traders. INDU is another instrument that we have been trading lately . In this technical blog we’re going to take a quick look at the Elliott Wave charts of INDU, published in members area of...
By Elliott Wave International China’s Shanghai Composite has been in a large-scale downtrend for about 13 years. So, when the news of the coronavirus outbreak hit, it came as less of a shock to Elliott Wave International’s...
USDCAD broke below 1.3224 support, suggesting that the downtrend from 1.3328 has resumed. Further decline would likely be seen and next target would be at 1.3180 area. Resistance is located at the falling trend line on the...
