Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded flat Elliott Wave structure. Down from wave (1), wave A ended at 1.2519 and wave B ended at 1.2894. Down ..read more

USDJPY has displayed a significant bullish move, potentially breaking out of a recent range. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Breaches Resistance: Uptrend Confirmation and Targets: Support Levels to Consider: Overall Sentiment: The technical outlook for USDJPY has turned bullish in the short term. The breakout ..read more

AUDUSD has displayed renewed strength, extending its recent gains. This analysis examines the technical situation and explores potential scenarios for the currency pair. AUDUSD Stages Rally: Upside Potential and Targets: Support Levels to Consider: Overall Sentiment: The technical outlook for AUDUSD has become uncertain in the short term. The recent rally suggests a potential trend ..read more

This technical blog will look at the past performance of the 4-hour Elliott Wave Charts of Dow futures ticker symbol: $YM_F. We presented to members at the elliottwave-forecast. The rally from the 03 October 2022 low unfolded as an impulse structure and showed a bullish sequence. The index should see more upside extension to complete the impulse sequence ..read more

EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Breaches Resistance: Upside Potential and Targets: Support Levels to Consider: Overall Sentiment: The technical outlook for EURUSD has become uncertain in the short term. The breakout above 1.0689 suggests ..read more

Hello fellow traders, As our members know we have had many profitable trading setups recently.   In this technical article, we are going to present another Elliott Wave trading setup we got in American Airlines (AAL) . The stock  completed correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the ..read more

Platinum (PL) looks to have formed a bottom and the metal has started to rally higher in the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave chart for the metal. Platinum (PL) Monthly Elliott ..read more

AT&T Inc. (T) is an American multinational telecommunications holding company headquartered in Dallas, Texas. It is the world’s largest telecommunications company by revenue and the third-largest provider of mobile telephone services in the U.S. AT&T (T) Monthly Chart April 2024 In the monthly chart above, we can see that AT&T shares finished an all-time high ..read more

Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of SPDR Metals & Mining ETF ($XME). The rally from 3.14.2024 low at $55.37 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 3 swings and find buyers again. We will explain ..read more

USDCAD’s recent price action indicates continued weakness. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDCAD Stuck in Downtrend: Downside Trajectory in Focus: Signs of a Reversal? Trend Reversal or False Hope? Overall Sentiment: The technical outlook for USDCAD remains bearish in the short term. The price action below ..read more