GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3174. As long as the channel resistance holds,the downside movement could be expected to continue and next target would be...
EURUSD broke above the upper line of the triangle pattern on the 4-hour chart. Further rally would likely be seen in a couple of days and next target would be at 1.1500 area. Near term support is...
USDCAD extended its upside movement from 1.2782 to as high as 1.3444. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next...
USDJPY moved sideways in a trading range between 111.37 and 114.54 for several weeks. As long as the price is in the rising price channel on the daily chart, the sideways movement could be treated as consolidation...
AUDUSD pulled back from 0.7393, facing the key support at 0.7164. A breakdown below this level would confirm that the upside movement from 0.7020 is complete, then the pair would find next support at around 0.7100. Near...
GBPUSD is testing 1.2661 support, below this level would indicate that the downside movement from 1.4376 has resumed, then further decline towards 1.2300 could be seen. Near term resistance is at 1.2940, a break of this level...
EURUSD stayed in a trading range between 1.1215 and 1.1500 for several weeks. The price action in the range is likely consolidation for the downtrend from 1.1815. As long as 1.1500 resistance holds, the downtrend could be...
Trading commodities is tough business: It’s hard enough to spot a good setup, harder still to time pulling the trigger. Our friends at Elliott Wave International understand this reality — so, they’ve put together a free resource...
USDCAD extended its upside movement from 1.3159 to as high as 1.3444. Support is at 1.3330, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3500...
USDJPY extended its downside movement from 114.03 to as low as 112.23. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
