USDJPY extended its upside movement from 108.30 to as high as 110.02. Further rise is still possible after a minor consolidation and next target would be at 110.50 area. Support is at 109.53, a breakdown below this...
AUDUSD broke below 0.6678 support, suggesting that the downtrend from 0.7031 has resumed. Further decline could be expected after a minor consolidation and next target would be at 0.6600 area. Near term resistance is at 0.6710, a...
GBPUSD extended its downside movement from 1.3209 to as low as 1.2881. Further decline is still possible after a minor consolidation and next target would be at 1.2800 area. Near term resistance is at 1.2960, a break...
EURUSD extended its downside movement from 1.1095 to as low as 1.0942. Further decline is still possible after a minor consolidation and next target would be at 1.0900 area. Near term resistance is at 1.0985, a break...
USDCAD broke above the falling price channel on the daily chart, suggesting that the downside movement from 1.3382 had completed at 1.2951 already. Further rally would likely be seen and next target would be at 1.3382 resistance,...
USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.44. As long as the channel support holds, the upside movement could be expected to continue and the target would...
AUDUSD extended its downside movement from 0.7031 to as low as 0.6661, breaking below 0.6670 support. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected...
GBPUSD broke below 1.2905 support, suggesting that the upside movement from 1.1958 had completed at 1.3514 already. Further decline would likely be seen in a couple of weeks and next target would be at 1.2500 area. Resistance...
EURUSD’s fall from 1.1239 extended to as low as 1.0942. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would...
By Elliott Wave International No analytical method can offer 100% clarity about the market’s future. Yet critics of technical analysis, particularly Elliott waves, say that popular technical methods fail if they don’t do just that. Of course,...
