USDJPY broke below the rising trend line on the daily chart, suggesting that the upside movement from 105.05 had completed at 112.40 already. Further decline could be expected in a couple of weeks and next target would...
AUDUSD remains in the downtrend from 0.7205. Further decline would likely be seen after a minor consolidation and next target would be at 0.6900 area. Resistance is at 0.7068, only a break of this level could trigger...
GBPUSD remains in the downtrend from 1.3381, the bounce from 1.2865 is likely corrective consolidation for the downtrend. Further decline would likely be seen after the consolidation and next target would be at 1.2600 area. Resistance is...
EURUSD remains in the downtrend from 1.1570. As long as the price is below the bearish trend line on the daily chart, the bounce from 1.1110 could be treated as consolidation for the downtrend. Further decline could...
Did you know 60-80% of price action unfolds in just 5 core Elliott wave patterns? It’s true. If you can get familiar with just those five, you’ll be able to quickly scour you price charts. When one...
USDCAD failed to break above 1.3520 resistance and stayed in a trading range between 1.3376 and 1.3520. Another rise to test 1.3520 resistance is still possible, a break of this level could trigger further upside movement towards...
USDJPY extended its downside movement from 112.40 to as low as 109.47. Deeper decline is still possible after a minor consolidation and next target would be at 109.00 area. Near term resistance is at 110.30, only break...
AUDUSD remains in the downtrend from 0.7205, the price action from 0.6962 could be treated as consolidation for the downtrend. As long as the price is in the falling price channel on the 4-hour chart, the downside...
GBPUSD extended its downside movement from 1.3176 to as low as 1.2967. Further decline could be expected after a minor consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3050, a break...
EURUSD broke above 1.1218 resistance and extended its upside movement from 1.1135 to as high as 1.1251. Further rise is still possible and next target would be at 1.1300 area. Near term support is at 1.1200, a...
