By Elliott Wave International The “moving average” is a technical indicator of market strength which has stood the test of time. Over 30 years ago, Robert Prechter described this indicator in his essay, “What a Trader Really...
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2961. As long as the price is above the trend line, the fall from 1.3170 could be treated as consolidation...
USDJPY 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 110.10 could be treated as consolidation for the downtrend from 112.15, another...
AUDUSD’s downside movement from 0.7453 extended to as low as 0.7256. Further decline is still possible and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of this level could signal completion...
GBPUSD extended its downside movement from 1.3213 to as low as 1.2722. Further decline is still possible and next target would be at 1.2600 area. Near term resistance is at 1.2860, only a break of this level...
EURUSD remains in the downtrend from 1.1746, the bounce from 1.1365 is likely consolidation for the downtrend. Further decline is possible after the consolidation and a breakdown below 1.1365 support could take the price to 1.1300 area....
USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed. Further rally is possible in a couple of days and next target would be at 1.3250 area. Support is at the bullish trend...
USDJPY extended its downside movement from 112.15 to as low as 110.29. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
AUDUSD extended its downside movement from 0.7453 to as low as 0.7270. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of...
GBPUSD’s downside movement from 1.3213 extended to as low as 1.2722. Near term resistance is at 1.2860, as long as this level holds, the downside movement could be expected to continue and next target would be at...
