By Elliott Wave International As many of us continue the process of working from home, isolated with young children and significant others day in and day out, the subject of price gaps feels paradoxically fitting. Here’s why:...
USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3854. As long as the channel support holds, the upside movement could be expected to continue and next target would...
USDJPY continued its sideways movement is a trading range between 106.92 and 108.08. As long as 108.08 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 109.38, and further decline towards 105.00...
AUDUSD failed to break below the bottom of the price channel on the 4-hour chart and rebounded from 0.6253, suggesting that the pair remains in the uptrend from 0.5507, and the pullback from 0.6444 could be treated...
GBPUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 1.2647. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
EURUSD broke below 1.0812 support, suggesting that the downtrend from 1.0990 has resumed. Further decline could be expected in the coming days and next target would be at 1.0700 area. Key resistance is at 1.0905, only break...
By Elliott Wave International Weeks before the February top in the DJIA, the January Elliott Wave Theorist (Elliott Wave International President Robert Prechter’s monthly publication about financial markets and social trends since 1979) said: Most economists believe...
USDCAD extended its upside movement from 1.3854 to as high as 1.4264, breaking above 1.4182 resistance. Further rise could be expected in the coming days and next target would be at 1.4400 area. Near term support is...
USDJPY stays in a narrow range between 106.92 and 108.08. The price action in the range could be treated as consolidation for the downtrend from 109.38, a breakdown below 106.91 support could trigger further downside movement towards...
AUDUSD broke below 0.6263 support, deeper decline is still possible and next target would be at bottom of the rising price channel on the 4-hour chart. As long as the channel support holds, the fall from 0.6444...
