Moderna Inc ($MRNA) Bulls In Control
The next entry in the theme of Corona Virus stocks is Moderna Inc. Moderna has had a more steady advance during the COVID-19 spreading worldwide. As such, it is a bit more stable than other names I...
Month: April 2020
Elliott Wave View: GDX Extends Higher to 7 Year High
Elliott Wave view in Gold Miners ETF (GDX) suggests the rally from March 16, 2020 low is unfolding as a 5 waves impulsive structure. Up from March 16 low, wave (1) ended at 27.21 and pullback in...
Gold against Euro Dollar (XAUEUR) Running to All-Time High
IMF (International Monetary Fund) projects the European nations will experience a 7.5% GDP contraction this year. EU nations have been some of the hardest hit by Covid-19. Even before the pandemic, the European economy is already sluggish....
GBPJPY Found Sellers At The Blue Box Area
In this blog, we are going to take a look at the Elliottwave chart of GBPJPY. The 4 hour chart update below from 15 April shows that the cycle from December 12, 2019 high unfolded as 5...
COPPER ( $HG_F ) Forecasting The Decline From The Blue Box Area
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of COPPER ( $HG_F ) published in members area of the website. As our members know, COPPER has given us...
How Price Gaps Help Traders Hit the “TARGET” of Opportunity
By Elliott Wave International As many of us continue the process of working from home, isolated with young children and significant others day in and day out, the subject of price gaps feels paradoxically fitting. Here’s why:...
USDCAD Daily Analysis – April 23, 2020
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3854. As long as the channel support holds, the upside movement could be expected to continue and next target would...
USDJPY Daily Analysis – April 23, 2020
USDJPY continued its sideways movement is a trading range between 106.92 and 108.08. As long as 108.08 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 109.38, and further decline towards 105.00...
AUDUSD Daily Analysis – April 23, 2020
AUDUSD failed to break below the bottom of the price channel on the 4-hour chart and rebounded from 0.6253, suggesting that the pair remains in the uptrend from 0.5507, and the pullback from 0.6444 could be treated...
GBPUSD Daily Analysis – April 23, 2020
GBPUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 1.2647. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...