EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.0727 had completed at 1.1018 already. Further decline could be expected and next target would be at 1.0750 area. Near...
Corn Futures (ZC_F) dropped from a high of 323’4 to a low of 300’2 last week before it bounced again. In today’s blog, we would look at the chart presented to clients before the drop took place...
Short Term Elliott Wave outlook in Oil (CL_F) suggests the decline to $6.53 ended wave ((3)). Wave ((4)) recovery is unfolding as a zigzag Elliott Wave structure where wave (A) is currently in progress as a leading...
Newmont Corporation (NYSE: NEM) is the world’s largest Gold mining company. Since the major low in the precious metal back in 2015 around $1050, many mining stocks rallied significantly and managed to outperform shining metals. If we take...
USDCAD remains in the uptrend from 1.3849, the pullback from 1.4151 is likely consolidation for the uptrend. Range trading between 1.4045 and 1.4151 would likely be seen in a couple of days. As long as 1.4045 support...
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 109.38. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
AUDUSD is now in the downtrend from 0.6569. Further decline would likely be seen after consolidation and next target would be at 0.6250 area. Resistance is at 0.6500, only break above this level could trigger another rise...
GBPUSD is now in the downtrend from 1.2642. Further decline would likely be seen 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...
EURUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1018 could be treated as consolidation for the uptrend from 1.0727 and...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NETFLIX (NFLX) stock, published in members area of the website. As our members know, NETFLIX made New...
