By Elliott Wave International Good afternoon and welcome to our first installment of the Elliott Wave Market Minute. The big story of the day is in U.S. Stocks. The Dow Jones Industrial Average topped out at 24,057...
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3253. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY broke above 112.63 resistance, suggesting that the short term downtrend from 113.70 had completed at 112.08 already. Another rise towards 113.50 would likely be seen in the coming days. Support is at 112.08, only a break...
After consolidation, AUDUSD extended its downside movement from 0.7393 to as low as 0.7087. Further decline is still possible in a couple of days next target would be at 0.7050 area. Near term resistance is at 0.7140,...
GBPUSD failed to break above the falling trend line on the 4-hour chart, suggesting that the pair remains in the downtrend from 1.3174. As long as the trend line resistance holds, the bounce from 1.2475 could be...
EURUSD failed to break above 1.1442 resistance and pulled back into a trading range between 1.1267 and 1.1442. Another fall towards 1.1267 support would likely be seen in the coming days, below this level would aim 1.1200....
USDCAD broke above 1.3444 resistance and extended its upside movement from 1.3159 to as high as 1.3496. Further rise is still possible and next target would be at 1.3550 area. Support is located at the bullish trend...
USDJPY broke below 112.23 support. Further decline is still possible and next target would be at 111.50 area. Near term resistance is at 112.63, a break of this level would indicate that the short term downtrend from...
AUDUSD remains in the downtrend from 0.7393, the price action from 0.7178 could be treated as consolidation for the downtrend. As long as 0.7246 resistance holds, the downtrend could be expected to resume and a breakdown below...
GBPUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2475 could be treated as consolidation for the downtrend from 1.3174 and...
