Elliott Wave View: Further Downside in USDCHF
USDCHF shows an incomplete sequence from April 2019 peak favoring further downside and rally to fail in 3, 7, 11 swing. In the short term chart below, the bounce to…
AUDJPY at 11 Year Low Amidst Coronavirus Fear
AUDJPY sank to 11 year low last week as the market is pricing in a drastically lower Australia's growth outlook. The coronavirus outbreak around the world has disrupted everything from…
Elliott Wave View: NZDUSD In Impulsive Decline
Elliott wave view in NZDUSD suggests the move lower from 12.31.2019 high in the pair is unfolding as a 5 waves impulse. Down from 12.31.2019 high, wave (1) ended at…
Bausch Health (BHC) Drops More than 10% After Q4 Results
Bausch Health (Ticker: BHC) reported Q4 revenue of $2.22 billion, which is a 5% YoY increase. The result was slightly higher than the consensus estimate of $2.2 billion. The company…
Elliott Wave View: Oil Shows 5 Waves Rally
Short term Elliott wave view in Oil (CL_F) suggests the rally from February 5 low shows a 5 swing bullish sequence. We label the rally as an impulse Elliott Wave…
Elliott Wave View: Bitcoin Next Short Term Support Area
Short term Elliott wave view in Bitcoin (BTCUSD) suggests the rally from January 24, 2020 low has ended as a 5 waves impulse Elliott Wave structure. Up from January 24…
Singapore Dollar (SGD) Plunges as Central Bank Signals Easing
Singapore Dollar SGD tumbled last week after Monetary Authority of Singapore (MAS) suggests that Singapore Dollar has room to depreciate. The statement came after the coronavirus infection spread to the…
Elliott Wave View: Bank of America (BAC) Approaching Short Term Support
Short term Elliott wave view in Bank of America (ticker: BAC) suggests the rally from January 27, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up…
Elliott Wave View: Further Upside Expected in Amazon
Amazon (ticker symbol: AMZN) broke above July 11, 2019 high (2035.8) a few weeks ago after reporting strong earnings. The stock now shows an incomplete bullish sequence from December 24,…