<p>Bitcoin is maintaining its recent strong bid-tone, with the number one cryptocurrency being bought on any meaningful dips. The $6,500 level is now offering key technical support in the short-term and a key area to watch during the US trading session. A sustained technical breakout above the $6,850 level could see the BTCUSD pair rallying [

<p>The US dollar continues to rise against the Japanese yen currency, with the pair testing towards the current monthly high, around the 111.50 level. USDJPY bulls may test towards the 112.20 level if they start to overcome to 111.50 resistance area. An extremely large inverted head and shoulders pattern will form if the USDJPY pair […

<p>Notes/Observations US Senate reached a bipartisan agreement on virus stimulus plan Coronavirus and fiscal stimulus-related headlines remain in focus Asia: China PBOC said to be in talks to cut rate that banks pay on savings accounts, might even cut the key one-year Deposit Rate in coming days BOJ Summary of Opinions from March 16th emergen

<p>The Euro stands at the front foot on Wednesday and probes again above pivotal Fibo barrier at 1.0838 (23.6% of 1.1494/1.0635 fall) following Tuesday’s failure to clearly break above, despite spike to 1.0887. The sentiment has improved on action of global central banks to cushion strong negative impact from corona virus pandemic, with

<p>The USD eased against a number of its counterparts yesterday, with the exception of JPY and CHF as the risk sentiment seemed to improve in the markets. Nevertheless, rising coronavirus cases still tend to keep markets on edge and uncertainty at high levels. Spain recorded the sharpest rise in cases overnight as per media, while […]

<p>The New Zealand Dollar has declined significantly against the US Dollar since March 10. The currency pair has declined by 614 pips or 7.07% in value during the past three weeks. Currently, the exchange rate is trading near a resistance cluster formed by the 100– and 200— hour SMAs and the upper boundary of a […]

<p>Enable Automatic Channel in Harmonic Pattern Indicator </p> <p>We provided powerful automatic channel features in the Harmonic Pattern Indicator. To enable the automatic Channel Function, just set Use Channel = true under Channel Parameter inputs.</p> <p>Together with Harmonic Pattern and Elliott Wave patterns, the

<p>In this technical blog, we are going to take a look at the past chart’s performance of Nikkei an index from Japan. But before looking into the Charts, we need to understand the market nature first. The market always fights between the two sides i.e Buying or Selling. We at Elliott Wave Forecast understand the […]