USDJPY broke below 107.12 support, suggesting that the downtrend from 111.71 has resumed. Further decline would likely be seen and next target would be at 105.00 area. Key resistance is at 108.72, only break above this level...
AUDUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 0.5507 had completed at 0.6213 already. Deeper decline would likely be seen and next target would be at 0.5900 area....
GBPUSD moved sideways in a trading range between 1.2243 and 1.2485. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...
EURUSD extended its downside movement from 1.1147 to as low as 1.0902. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
Expedia is showing a well-defined Elliott Wave pattern across the market place. The Elliott Wave Principle is a form of technical analysis which we use to analyze price action and forecast the future path. Ralph Nelson Elliott...
EURUSD shows an incomplete sequence from Feb 16, 2018 high favoring further downside while below March 9 high (1.1496). Near term, the decline from March 9, 2020 high (1.1496) ended wave ((1)). Bounce in wave ((2)) is...
Intel is a very important component for the Semiconductor industry. It is the #2 holding in in both the SOXX ETF, and the SMH ETF. With such a strong weighting in the overall sector, it has much...
Back in October 2019, we mentioned that SEKJPY had reached extreme area down from September 2017 peak and should bounce soon in 3 or 7 swings which should fail for more downside. In this article, we will...
By Elliott Wave International Let’s start by establishing that the stock market is not driven by the news. Aggregate stock prices are driven by waves of optimism and pessimism — which go from one extreme to another...
USDCAD remains in the uptrend from 1.3920, the pullback from 1.4348 is likely corrective consolidation for the uptrend. Another rise would likely be seen and a break of 1.4348 resistance could trigger another rise towards 1.4600. Support...
