AUDUSD remains in the uptrend from 0.6832, the pullback from 0.7037 is likely consolidation for the uptrend. As long as 0.6921 support holds, the upside movement could be expected to continue and next target would be at...
GBPUSD moved sideways in a trading range between 1.2479 and 1.2669. As long as 1.2479 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2251, and further rise towards 1.2800 is possible...
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 pullback from 1.1452 could be treated as consolidation for the...
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of GDX, which we presented to members. In which, the rally from 05 June 2020 lows, showed the higher highs...
Light Crude Oil 45 minutes chart below shows that the commodity has ended cycle from July 6 high as wave 2 at 38.56 low. The pullback unfolded as a flat Elliott Wave Structure. From July 6 high,...
USDCAD is facing 1.3485 support. A breakdown below this level could trigger another fall towards 1.3300. Near term resistance is at 1.3550, above this level could bring the price back to test 1.3645 resistance.
USDJPY failed to break above the resistance of the falling trend line on the 4-hour chart and is now facing 106.64 support. Further decline would likely be seen and next target would be at 106.00 area. Key...
AUDUSD extended its upside movement from 0.6776 to as high as 0.7037. Further rise would likely be seen and next target would be at 0.7100 area. Key support is at 0.6921, a breakdown below this level could...
GBPUSD is facing 1.2669 resistance. A breakout of this level could signal resumption of the uptrend from 1.2251, then next target would be at 1.2800 area. Support is at 1.2479, below this level would confirm that the...
EURUSD broke above 1.1422 resistance and extended its upside movement from 1.1184 to as high as 1.1452. Further rise would likely be seen after a minor consolidation and next target would be at 1.1500 area. Near term...
