GBPUSD’s downside movement from 1.2647 extended to as low as 1.2407. Further decline could be expected in the coming days and next target would be at 1.2300 area. Near term resistance is at 1.2575, only break above...
EURUSD extended its downside movement from 1.0990 to as low as 1.0816. Further decline would likely be seen in a couple of days and next target would be at 1.0678 support. Near term resistance is at 1.0905,...
By Elliott Wave International A negative sentiment toward cash had been in place for quite some time. Let’s go back a little more than a year when our Feb. 2019 Elliott Wave Theorist showed this chart and said: The...
USDCAD bounced strongly from 1.3854 to as high as 1.4132, suggesting that the downside movement from 1.4348 had completed at 1.3854 already. Further rally could be expected in a couple of days and next target would be...
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 109.38 had completed. Further rally would likely be seen and next target would be at 109.00 area. Near term support...
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.5979 had completed at 0.6444 already. Deeper decline would likely be seen in a couple of days and next target...
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2164 had completed at 1.2647 already. Further decline would likely be seen in the coming days and next target would...
EURUSD broke below 1.0892 support, suggesting that the upside movement from 1.0768 had completed at 1.0990 already. Further decline would likely be seen and next target would be at 1.0768 support. Near term resistance is at 1.0950,...
USDCAD’s downside movement from 1.4348 extended to as low as 1.3854. Further decline would likely be seen after a minor consolidation and next target would be at 1.3750 area. Near term resistance is at 1.4000, above this...
USDJPY’s downside movement from 109.38 extended to as low as 106.92. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...
