USDJPY broke below 105.98 support. Further decline could be expected in a couple of weeks and next target would be at 104.00 area. Near term resistance is at 106.50, only break above this level could trigger another...
AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.5507 to as high as 0.7182. Further rise is still possible next week and next target would be at 0.7300 area. Support is located at the...
GBPUSD broke above the falling trend line on the daily chart. Further rally could be expected and next target would be at 1.3100 area. Near term support is at 1.2600, a breakdown below this level could bring...
EURUSD extended its upside movement from 1.0635 to as high as 1.1657. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next...
Hello fellow traders. Another instrument that we have been trading lately is S&P 500 E-Mini Futures (ES_F). In this technical blog we’re going to take a quick look at the Elliott Wave charts of $ES_F , published in...
EURUSD 1 hour chart below shows that the pair has ended the cycle from July 1 low in wave ((i)) at 1.1467 high. The dip in wave ((ii)) then ended at 1.1399 low. From there, the pair...
By Elliott Wave International “Catastrophic Failure” — June 18 CCN “Swift, Spectacular Implosion” — June 25 Alijazeera.com “Doomsday” — June 18 Seeking Alpha These are a few descriptions for Munich-based Fintech firm Wirecard, whose recent epic fall...
USDCAD’s downside movement from 1.3715 extended to as low as 1.3350. 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 target...
USDJPY broke below 106.64 support, suggesting that the downside movement from 108.16 has resumed. Further decline could be expected and next target would be at 106.00 area. Resistance is located at the falling trend line on the...
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6832. As long as the trend line support holds, the upside movement could be expected to continue and next target...
