NASDAQ is currently above a rising trend line on the daily chart, indicating that the market is in an uptrend. The uptrend in NASDAQ started from 10665, and the next target is to test the 13729 resistance...
USDCAD has been moving sideways in a range between the November 2022 low of 1.3225 and the October 2022 high of 1.3976. The sideways move is likely to continue for the next few weeks. The rangebound trading...
USDJPY’s upside movement from the March 24 low of 129.63 has extended to as high as 137.55 and is now facing the resistance level at 137.90. As long as the price remains above the rising trend line...
AUDUSD is currently facing the support level at 0.6563. If the price breaks down below this level, it could signal a resumption of the downtrend from the February 2023 high of 0.7157. The next target for AUDUSD...
GBPUSD has broken above the 1.2447 resistance level and reached a high of 1.2583. This suggests that the uptrend from the September 2022 low of 1.0352 has resumed. If the current momentum continues, a further rally in...
The EURUSD has broken above the 1.1032 resistance level and reached a high of 1.1095. This suggests that the uptrend from the September 2022 low of 0.9535 has resumed. If the current momentum continues, a further rally...
By Elliott Wave International A “calamity” is likely ahead for corporate bonds, says our head of global research, Murray Gunn. Some of Murray’s analysis involves the head and shoulders, a classic technical chart pattern. In case you’re...
L’Oréal S.A. is the world largest cosmetics and beauty company. Headquartered in Clichy, France, the field of activities concentrates on skin care, hair color, perfume, make-up, hair care, sun protection etc. L’Oréal is a part of Euro...
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of GBPCAD. In which, the rally from the 10 February 2023 low unfolded as an impulse sequence and showed a higher high...
Hello Traders, in this article we will go through how EURAUD reacted higher after reaching a blue box area. Here at Elliott Wave Forecast we have in place a system that allows us to measure an area...
