EURUSD broke below the bottom support trend line of the triangle pattern on the 4-hour chart. Further decline could be expected in the coming days and next target would be at 1.1200 area. Near term resistance is...
USDCAD stays in a bullish price channel on the daily chart and remains in the uptrend from 1.2782. As long as the channel support holds, the upside movement could be expected to continue and next target would...
USDJPY continued its sideways movement in a trading range between 111.37 and 114.54. The sideways movement is likely consolidation for the uptrend from 104.63. As long as the price is in the rising price channel on the...
AUDUSD broke below 0.7164 support, suggesting that the upside movement from 0.7020 had completed at 0.7393 already. Further decline is still possible next week and next target would be at 0.7050 area. Resistance is at 0.7280, a...
GBPUSD broke below 1.2661 support and extended its downside movement from 1.3298 to as low as 1.2475. Further decline is still possible after a minor consolidation and next target would be at 1.2300 area. Resistance is at...
EURUSD continued its sideways movement in a trading range between 1.1215 and 1.1500. As long as 1.1500 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1815 and further decline towards 1.1000...
By Elliott Wave International If financial markets were styles of music, equities, especially the most stable Big Board stocks, are like great classical compositions: They’re made up of consistent, steady tempos you could listen to all day...
No changed in our view, USDCAD remains in the uptrend from 1.3159, the price action from 1.3444 is likely consolidation for the uptrend. As long as 1.3300 support holds, another rise to test 1.3444 resistance is possible,...
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 112.23. As long as the channel support holds, the upside movement could be expected to continue and next target would...
AUDUSD is facing 0.7178 support, a breakdown below this level could trigger further downside movement to 0.7100 area. Key resistance is at 0.7246, above this level would indicate that the downside movement had completed at 0.7178 already,...
