Elliott Wave View: EURJPY Has Resumed Lower
Short term Elliott Wave view in EURJPY suggests the decline from January 14, 2020 high is unfolding as a 5 waves impulse structure. Down from Jan 14 high, wave (1) ended at 116.13 and wave (2) bounce...
Month: April 2020
IBM: A Long-Term Investment Opportunity Could Be On The Horizon
In this article, we look at the long-term view of IBM which we believe ended an Elliott Wave Grand Super Cycle from all time the low and is currently correcting that cycle. We will look at the...
USDCAD Daily Analysis – April 3, 2020
USDCAD moved sideways in a trading range between 1.3920 and 1.4348. As long as 1.4348 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.4667 and further decline to 1.3800 area is...
USDJPY Daily Analysis – April 3, 2020
USDJPY remains in the downtrend from 111.71, the price action from 107.12 is likely consolidation for the downtrend. As long as 108.72 resistance holds, the downside movement could be expected to resume, and further decline to 105.00...
AUDUSD Daily Analysis – April 3, 2020
AUDUSD extended its downside movement from 0.6213 to as low as 0.6006. Further decline would likely be seen and next target would be at 0.5900 area. Near term resistance is at 0.6140, only break above this level...
GBPUSD Daily Analysis – April 3, 2020
GBPUSD continued its sideways movement in a trading range between 1.2243 and 1.2485. The price action in the range is likely consolidation for the uptrend from 1.1409 and further rise to 1.2800 area is possible after the...
EURUSD Daily Analysis – April 3, 2020
EURUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.1147. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
Sugar Elliott Wave View: Selling The Wave 4 Bounce
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of Sugar, which we presented to members at elliottwave-forecast. In which, the decline from February 2020 peak, showed the lower low...
Elliott Wave View: EURAUD Can See More Downside
EURAUD shows incomplete sequence from March 19, 2020 high, favoring further downside. The internal of the decline from March 19 (1.98) high is unfolding as a double three Elliott Wave structure. Down from 1.98 high, wave ((W))...
USDCAD Daily Analysis – April 2, 2020
USDCAD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.4667. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...