Why Financial Trouble Brews on the “Home” Front
By Elliott Wave International The world has been hearing a lot about “homes” in recent months, as in — “stay there” to help halt the spread of COVID-19. At the same time, the sales of those homes...
Month: May 2020
USDCAD Daily Analysis – May 12, 2020
USDCAD failed to break below 1.3849 support and rebounded from 1.3899. Further rally would likely be seen and next target would be at the falling trend line on the 4-hour chart. Support is at 1.3899, a breakdown...
USDJPY Daily Analysis – May 12, 2020
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 109.38 had completed at 105.98 already. Further rally would likely be seen and next target would be at 109.00 area....
AUDUSD Daily Analysis – May 12, 2020
AUDUSD failed to break above 0.6569 resistance and pulled back from 0.6561. As long as the price is in the rising price channel on the 4-hour chart, the price action in the trading range between 0.6372 and...
GBPUSD Daily Analysis – May 12, 2020
GBPUSD is facing 1.2265 support, a breakdown below this level could signal resumption of the downtrend from 1.2642, then next target would be at 1.2100 area. Resistance is at 1.2466, a breakout of this level could trigger...
EURUSD Daily Analysis – May 12, 2020
EURUSD is facing 1.0766 support, a breakdown below this level would indicate that the downtrend from 1.1018 has resumed, then next target would be at 1.0700 area. Resistance is at 1.0875, a breakout of this level could...
Copper ( $HG_F ) Forecasting The Rally After Elliott Wave Flat
Hello fellow traders. In this technical blog we’re going to talk about Copper. As our members know, Copper has incomplete bullish sequences in the cycle from the March 19th low. Break of 04/16 peak made cycle from...
B2Gold Corp ($BTG) Preparing for explosive upside
The Metals sector has been slowly coming back since the lows in late 2015 and is ready for prime time attention. B2Gold Corp is a name that has an exceptional looking chart that is worth examining with...
USDCAD Daily Analysis – May 11, 2020
USDCAD’s downside movement from 1.4172 extended to as low as 1.3908. Further decline to test 1.3849 support would likely be seen, a breakdown below this level could take the price to 1.3700 area. Near term resistance is...
USDJPY Daily Analysis – May 11, 2020
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. A breakout of the trend line resistance would indicate that the downside movement from 1.0938 had completed at 105.98 already, then next target...