GBPUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.2642. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
EURUSD broke below the rising price channel on the 4-hour chart, suggesting that the downside movement from 1.1018 has resumed. Further decline could be expected in the coming days and next target would be at 1.0700 area....
$FXY Elliott Wave & Longer Term Cycles Firstly the $FXY instrument inception date was 2/12/2007. The instrument tracks changes of the value of the Japanese Yen versus the US Dollar. There is plenty of data going back...
In this technical blog, we are going to take a look at the past performance of GE 1-Hour Elliott wave Charts. That we presented to our members. In which, the decline from the 3/26/2020 peak is taking...
As a larger context, the rally in Russell 2000 (RTY) from 3.19.2020 low took the form of an impulsive structure. Up from there, wave (1) ended at 1180.3 and wave (2) pullback ended at 1029.7. Index then...
By Elliott Wave International The Wave Principle’s basic pattern includes five waves in the direction of the larger trend, followed by three corrective waves. In a bull market, the pattern is five up, followed by three down....
USDCAD extended its upside movement from 1.3899 to as high as 1.4114. Further rise is still possible and next target would be at falling trend line on the 4-hour chart. Near term support is at 1.4000, only...
USDJPY’s fall from 107.76 extended to as low as 106.74. Deeper decline is still possible and next target would be at 106.50 area. Near term resistance is at 107.20, a break of this level could trigger another...
AUDUSD moved sideways in a trading range between 0.6372 and 0.6569. The price action in the range is likely consolidation for the uptrend from 0.5507 (Mar 19 low). As long as the price is in the rising...
GBPUSD extended its downside movement from 1.2642 to as low as 1.2209. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.2100 area. Only...
