GBPUSD Daily Analysis – July 24, 2020
GBPUSD extended its upside movement from 1.2251 to as high as 1.2772. Further rise would likely be seen and next target would be at 1.2900 area. Near term support is at 1.2640, a breakdown below this level...
Month: July 2020
EURUSD Daily Analysis – July 24, 2020
EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1184. As long as the trend line support holds, the upside movement could be expected to continue and next target...
Square Inc. ($SQ), Larger degree top looms
The Corona Virus has had its toll on the marketplace in general. But some select names have rallied sharply off the March 2020 lows, Square is one of those names. Square has rallied from a low of...
Elliott Wave View: Tesla (TSLA) Aiming for All-Time High
TSLA 30 minutes chart below shows that the stock has ended pullback from July 13 high in wave (4) at 1431.30 low. The correction unfolded as zig-zag Elliott Wave Structure. Wave A ended at 1450 low, wave...
USDCAD Daily Analysis – July 23, 2020
USDCAD extended its downside movement from 1.3715 to as low as 1.3399. Further decline is still possible after a minor consolidation and next target would be at 1.3300 area. Near term resistance is at 1.3485, a break...
USDJPY Daily Analysis – July 23, 2020
USDJPY failed to break below 106.64 support and stayed in a trading range between 106.64 and 107.53. Further rally to test 107.53 resistance would likely be seen, and a breakout of this level could take the price...
AUDUSD Daily Analysis – July 23, 2020
AUDUSD extended its upside movement from 0.6832 to as high as 0.7182. Further rise is still possible after a minor consolidation and next target would be at 0.7250 area. Near term support is at 0.7090, a breakdown...
GBPUSD Daily Analysis – July 23, 2020
GBPUSD remains in the uptrend from 1.2251. Further rise would likely be seen after consolidation and next target would be at 1.2900 area. Near term support is at 1.2640, a breakdown below this level could bring the...
EURUSD Daily Analysis – July 23, 2020
EURUSD extended its upside movement from 1.1184 to as high as 1.1601. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Elliott Wave View: Silver Has Room for More Upside
Silver 1 hour chart below shows that the metal has ended pullback from July 13 high as wave ((ii)) at 18.85 low. From there, the metal has continued to extend higher. The rally has also broken above...