No changed in our view, AUDUSD remains in the downtrend from 0.6569, the price action from 0.6372 is likely consolidation for the downtrend. A breakdown below 0.6372 support would indicate that the downtrend has resumed, then next...
GBPUSD extended its downside movement from 1.2642 to as low as 1.2320. 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...
EURUSD extended its downside movement from 1.1018 to as low as 1.0781. Further decline is still possible in a couple of days and next target would be at 1.0727 support. Near term resistance is at 1.0830, a...
IBEX 35 is the benchmark Stock Market Index of the Bolsa de Madrid, Spain’s principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercado Espanoles (BME)....
$SLV Ishares Silver Trust Elliott Wave and Larger Cycles Firstly there is data back to when the ETF fund began in 2006 as seen on the weekly chart shown below. The fund made a low in 2008 at...
Barrick Gold Corporation (NYSE: GOLD) is the second-largest gold mining company in the world. Year-to-Date, the stock is up around 45%. The combination of low Oil’s price (major cost component for miners) and high price in gold creates a...
USDCAD broke below 1.4045 support, suggesting that the upside movement from 1.3849 had completed at 1.4151 already. Further decline would likely be seen and next target would be at 1.3900 area. Resistance is at 1.4151, only break...
USDJPY extended its downside movement from 109.38 to as low as 106.20, breaking below 106.35 support. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected...
AUDUSD remains in the downtrend from 0.6569. As long as 0.6500 resistance holds, the downside movement could be expected to continue and next target would be at 0.6250 area. On the upside, a breakout of 0.6500 resistance...
GBPUSD remains in the downtrend from 1.2642. Further decline could be expected after a minor consolidation and next target would be at 1.2200 area. Near term resistance is at 1.2540, only break above this level could trigger...
