GBPUSD failed to break above 1.2647 resistance and stayed in a trading range between 1.2160 and 1.2647. As long as 1.2160 support holds, the uptrend from 1.1409 could be expected to resume, and further rise towards the...
EURUSD broke above the falling trend line on the daily chart and continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as...
By Elliott Wave International Related financial markets tend to move together. For example, gold and silver. Or, consider stocks. When the Dow Industrials are up on a given trading day, the NASDAQ is usually in the green...
USDCAD broke above the bearish trend line on the 4-hour chart, suggesting that the downtrend from 1.4264 had completed at 1.3849 already. Further rally would likely be seen in the coming days and next target would be...
USDJPY stays in a falling price channel on the 4-hour chart and remains in the downtrend from 109.38. As long as the channel resistance holds, the bounce from 106.35 could be treated as consolidation for the downtrend,...
AUDUSD broke below 0.6480 support, suggesting that the short-term uptrend from 0.6253 had completed at 0.6569 already. Deeper decline could be seen and the target would be at the bottom of the price channel on the 4-hour...
GBPUSD is facing 1.2647 resistance, a break of this level could trigger further upside movement to 1.2800 area. Near term support is at 1.2530, a breakdown below this level could bring the price back towards the rising...
EURUSD stays in a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0727. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDCAD is facing 1.3854 support, a breakdown below this level could trigger further downside movement to 1.3700 area. Resistance is located at the bearish trend line on the 4-hour chart, a breakout of the trend line resistance...
USDJPY extended its downside movement from 109.38 to as low as 106.35. Deeper decline could be expected and next target would be at 105.00 area. Near term resistance is at 107.00, above this level could bring the...
