EURUSD continued its sideways movement in a trading range between 1.1167 and 1.1249. The sideways movement is likely consolidation for the uptrend from 1.1026. As long as 1.1167 support holds, the upside movement could be expected to...
USDCAD’s upside movement from 1.3015 extended to as high as 1.3344. Further rise is still possible after a minor consolidation and next target would be at 1.3400 area. Near term support is at 1.3280, a breakdown below...
USDJPY remains in the downtrend from 109.31, the price action from 105.52 is likely consolidation for the downtrend. As long as 107.08 resistance holds, the downside movement could be expected to resume, further decline to 105.00 area...
AUDUSD remains in the downtrend from 0.7081, as long as 0.6805 resistance holds, the bounce from 0.6677 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would...
GBPUSD continued its sideways movement in a trading range between 1.2077 and 1.2249. As long as 1.2249 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.2578, another...
EURUSD moved sideways in a trading range between 1.1167 and 1.1249. As long as 1.1167 support holds, the upside movement could be expected to continue and next target would be at 1.1300 area. On the downside, a...
By Elliott Wave International As mainstream experts struggled to see the direction in gold, Elliott wave analysis saw a clear, bullish triangle. Then, gold prices rocketed to six-year highs! A common misconception of trading is that the...
USDCAD extended its upside movement from 1.3015 to as high as 1.3290. 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...
USDJPY broke above 106.45 resistance, suggesting that the downside movement from 109.31 had completed at 105.52 already. Further rally would likely be seen over the next several days and next target would be at 107.80 area.
AUDUSD stays in a trading range between 0.6747 and 0.6805. As long as 0.6805 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7081, further decline to 0.6700 area is still possible...
