USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 101.17. As long as the channel support holds, the upside movement could be expected to continue and next target would...
AUDUSD extended its upside movement from 0.5507 to as high as 0.6073. Further rally would likely be seen in a couple of days and next target would be at 0.6200 area. Near term support is at the...
GBPUSD broke above 1.1933 resistance. Further rally is still possible and next target would be at 1.2250 area. However, as long as 1.2250 resistance holds, the downside movement could be expected to resume, and a breakdown below...
EURUSD broke above the bearish trend line on the 4-hour chart, suggesting that the downside movement from 1.1496 had completed at 1.0635 already. Further rally would likely be seen in a couple of days and next target...
By Elliott Wave International When a trend is strong, related markets tend to move in unison. However, when a trend is near exhaustion — a bullish or bearish trend, “non-confirmations” often occur. A non-confirmation occurs when one...
USDCAD continued its sideways movement in a trading range between 1.4148 and 1.4667. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for...
USDJPY extended its upside movement from 101.17 to as high as 111.71. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
AUDUSD is testing 0.5985 resistance, a break of this level could trigger further upside movement towards 0.6200. Near term support is at 0.5650, a breakdown below this level could bring the price back towards 0.5507 support.
GBPUSD continued its sideways movement in a trading range between 1.1409 and 1.1933. As long as 1.2250 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.3199, and...
EURUSD is facing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.0635 could be treated as consolidation for the downtrend from 1.1496, another...
