EURUSD broke below 1.0812 support, suggesting that the downtrend from 1.0990 has resumed. Further decline could be expected in the coming days and next target would be at 1.0700 area. Key resistance is at 1.0905, only break...
Elliott Wave view in Bank of America (BAC) suggests the decline from January 15, 2020 high is unfolding as a 5 waves impulse. Down from January 15 high, wave (1) ended at 32.47 and bounce in wave (2)...
Continuing along the theme of Corona Virus stocks, this week Novavax Inc. is next up in line. Novavax has gone parabolic with the COVID-19 spreading worldwide as with the other names I have covered. It also remains...
By Elliott Wave International Weeks before the February top in the DJIA, the January Elliott Wave Theorist (Elliott Wave International President Robert Prechter’s monthly publication about financial markets and social trends since 1979) said: Most economists believe...
USDCAD extended its upside movement from 1.3854 to as high as 1.4264, breaking above 1.4182 resistance. Further rise could be expected in the coming days and next target would be at 1.4400 area. Near term support is...
USDJPY stays in a narrow range between 106.92 and 108.08. The price action in the range could be treated as consolidation for the downtrend from 109.38, a breakdown below 106.91 support could trigger further downside movement towards...
AUDUSD broke below 0.6263 support, deeper decline is still possible and next target would be at bottom of the rising price channel on the 4-hour chart. As long as the channel support holds, the fall from 0.6444...
GBPUSD extended its downside movement from 1.2647 to as low as 1.2246. Further decline is still possible after a minor consolidation and next target would be at 1.2164 support. Near term resistance is at 1.2335, a break...
EURUSD failed to break below 1.0812 support and stayed in a trading range between 1.0812 and 1.0905. The price action in the range is likely consolidation for the downtrend from 1.0990, further decline to 1.0700 area is...
Last year, the streaming TV ROKU (NASDAQ:ROKU) ended the entire rally since IPO as an impulsive 5 waves advance which is a bullish structure followed by a Double Three corrective structure. Based on the Elliott Wave Theory, after an...
