CHFJPY Sellers Appeared At Blue Box Area
In this blog, we are going to take a look at the Elliott Wave chart of CHFJPY. The 1 hour weekend chart update from 26 April shows that CHFJPY ended wave (ii) bounce at 111.39 high. From...
Month: April 2020
Elliott Wave View: Google (GOOGL) Ending 5 waves Impulse
In the aftermath of COVID-19 selloff, Alphabet (GOOGL) formed a low on March 23, 2020 at 1008.87. From there, the stock is rallying as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave (1) ended...
USDCAD Daily Analysis – April 30, 2020
USDCAD is facing 1.3854 support, a breakdown below this level could trigger further downside movement to 1.3700 area. Resistance is located at the bearish trend line on the 4-hour chart, a breakout of the trend line resistance...
USDJPY Daily Analysis – April 30, 2020
USDJPY extended its downside movement from 109.38 to as low as 106.35. Deeper decline could be expected and next target would be at 105.00 area. Near term resistance is at 107.00, above this level could bring the...
AUDUSD Daily Analysis – April 30, 2020
AUDUSD’s upside movement from 0.6253 extended to as high as 0.6558. Further rise is still possible in a couple of days and next target would be at 0.6650 area. Near term support is at 0.6480, below this...
GBPUSD Daily Analysis – April 30, 2020
GBPUSD remains in the uptrend from 1.2246. As long as the price is above the rising trend line on the 4-hour chart, the pullback from 1.2517 could be treated as consolidation for the uptrend, and further rise...
EURUSD Daily Analysis – April 30, 2020
EURUSD remains in the uptrend from 1.0727. Further rally would likely be seen in a couple of days and next target would be at 1.0950 area. Support is at 1.0809, only break below this level could trigger...
Elliott Wave View: Impulsive Rally in DAX From March Low
The rally in $DAX from March 16 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.16.2020 low, wave (1) ended at 9145.93 and pullback in wave (2) ended at 8257.53. Wave (3)...
LUV (Southwest Airlines CO): An Ending Diagonal In Process.
Southwest Airlines Corporation like every Airline took a deep during the first quarter of 2020. The stock ended a Five waves advance within the Grand Super Cycle degree. And now, it is correcting lower in an ABC...
How this “Popular Bull-Market Strategy” Can Backfire — Big Time
By Elliott Wave International “Buying the dip” might work in a rip-roaring bull market, but it can cost you your shirt in a severe downturn. Even so, this March 23 Wall Street Journal quote represents the mindset...