AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.6907 is likely consolidation of the downtrend. Range trading between 0.6907 and 0.7439 could be seen over the next several weeks. Key resistance is...
GBPUSD broke below 1.5165 support, indicating that the downtrend from 1.5929 has resumed. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance levels are at 1.5400 and...
EURUSD is facing 1.1087 support, a breakdown below this level will signal resumption of the downtrend from 1.1713, then next target would be at 1.0600 area. Resistance levels are at 1.1460 and 1.1713, only break above these...
By Elliott Wave International The U.S. housing market may be about to implode — again. Before I get into the “why,” know that the residential real estate market never fully recovered. Annualized new home sales this past...
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. August 20 was the third consecutive down day for the Dow Industrials as the index tumbled 358 points. The U.S....
USDCAD stays in the upward price channel on daily chart, and remains in uptrend from 1.1919, the fall from 1.3353 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be...
USDJPY is in uptrend from 116.13, the fall from 121.62 is likely correction of the uptrend. Further rise could be expected after correction, and next target would be at 125.00 area. Key support is at 116.13, only...
AUDUSD broke above the downward trend line on daily chart, indicating that consolidation for the downtrend from 0.9504 (Jul 1, 2014 high) is underway. Range trading between 0.6907 and 0.7439 would likely be seen over the next...
GBPUSD remains in downtrend from 1.5929, the rise from 1.5165 is likely consolidation of the downtrend. Further decline is possible and next target would be at 1.4700 area. Key resistance is at 1.5929, only break above this...
EURUSD is in downtrend from 1.1713, the rise from 1.1087 could be treated as correction of the downtrend. Further decline is still possible after correction, and next target would be at 1.0600 area. Key resistance is at...
