AUDUSD extended its upside movement from 0.7642 to as high as 0.7769, facing the resistance at 0.7785. Support is at 0.7725, as long as this level holds, the upside move could be expected to continue. However, a...
GBPUSD’s bounce from 1.3965 extended to as high as 1.4187. Further rise to test 1.4244 resistance is still possible. As long as this level holds, the bounce would possibly be correction of the downtrend from 1.4244, and...
EURUSD broke above the falling price channel on its 4-hour chart, suggesting that the downside movement from 1.2476 had completed at 1.2214 already. Further rally would likely be seen and next target would be at 1.2500 area....
By Elliott Wave International The stock market’s recent triple-digit swings might have many investors wondering if the path of prices is completely random. But, as random as prices may appear, EWI’s analysts can assure you that a...
USDCAD extended its downside movement from 1.3124 to as low as 1.2731. Resistance is at 1.2810, as long as this level holds, the downside move could be expected to continue and next target would be at 1.2650...
USDJPY pulled back from 107.49 after breaking above 107.01 resistance. However, the fall is likely corrective consolidation for the uptrend from 105.65. Another rise would likely be seen after the consolidation and next target would be at...
AUDUSD moved sideways in a trading range between 0.7642 and 0.7726. The price action in the range is likely consolidation of the downtrend from 0.7916 and a breakdown below 0.7642 could trigger another fall towards 0.7600.
GBPUSD broke above 1.4096 resistance, suggesting that lengthier consolidation for the downtrend from 1.4244 is underway. Further rally is still possible and the target would be at 1.4150 area. However, as long as 1.4150 resistance holds, the...
EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.2476. As long as the price is in the channel, the bounce from 1.2214 could be treated as consolidation for...
USDCAD broke below 1.2803 support, suggesting that the upside movement from 1.2248 had completed at 1.3124 already. Further decline would likely be seen over the next several weeks and next target would be at 1.2650, followed by...
