GBPUSD extended its upside movement from 1.2073 to as high as 1.2730, breaking above 1.2642 resistance. Further rise would likely be seen and next target would be at 1.2900 area. Key support is at 1.2500, only break...
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 1.1383 could be treated as consolidation for the uptrend from 1.0870, and...
In this blog, we are going to take a look at the Elliottwave chart of RTY_F. Daily chart below shows that RTY_F ended the decline from January 17, 2020 high at 948.50 low. Since reaching that March...
The world largest home improvement retailer Home Depot (NYSE: HD) sales growth doubled its pace from the prior quarter despite reduced operating hours and cancelled promotions because of the COVID-19 pandemic which pressured most of the retail industry. Early this year, HD ended...
The coronavirus pandemic has been a boon to social media, streaming, and online shopping companies. As government around the world recommends social distancing and people reduce unnecessary travel, they spend more time at home consuming social media...
Exxon Mobil (ticker: XOM) shows an incomplete bullish sequence from 3.23.2020 low favoring more upside. Short term, the rally from 5.15.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.15.2020 low, wave 1...
By Elliott Wave International It’s been a tough year for Russia financially. Of course, there’s been the big collapse in oil prices, plus — just like many other global stock indexes — Russian stocks are well off...
USDCAD extended its downside movement from 1.4048 to as low as 1.3467. 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...
USDJPY extended its upside movement from 105.98 to as high as 109.23. Further rise is still possible in the coming days and next target would be at 110.00 area. Near term support is at 108.40, below this...
AUDUSD is in consolidation for the uptrend from 0.6401. Range trading between 0.6856 and 0.6987 would likely be seen. As long as 0.6856 support holds, the upside movement could be expected to continue and next target would...
