USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 111.71 had completed at 105.98 already. Another rise towards 111.00 would likely be seen next week. Support is at 105.98,...
AUDUSD remains in the uptrend from 0.5507, the pullback from 0.6569 is likely consolidation for the uptrend. As long as 0.6250 support holds, the upside movement could be expected to resume and further rise to 0.6900 area...
GBPUSD broke below 1.2160 support, suggesting that the rise from 1.1409 had completed at 1.2647 already. Deeper decline would likely be seen and next target would be at 1.1700 area. Near term resistance is at 1.2280, a...
EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), and...
You want your portfolio to make it through this crisis in one piece. Maybe even gain, if at all possible. But the opinions you’re hearing are all over the map. There is no precedent in modern investment history....
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of BABA stock, published in members area of the website. As our members know, BABA has been reacting...
The decline in Pound Sterling from 4.15.2020 high is unfolding as a 5 waves impulsive Elliott Wave structure, Down from 4.15,2020 high, wave 1 ended at 1.2245 and bounce in wave 2 ended at 1.2643. Wave 3...
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. A break of the trend line resistance could trigger further upside movement towards 1.4350 area. Near term support is at 1.4000, below this...
USDJPY’s fall from 107.76 had completed at 106.74 already. Another rise to test 108.08 resistance would likely be seen in the coming days, a break of this level could take the price to 109.00 area. Near term...
AUDUSD broke below the rising price channel on the 4-hour chart. Deeper decline to test 0.6372 support is possible, a breakdown below this level would indicate that the upside movement from 0.5507 (Mar 19 low) had completed...
