USDJPY is facing 107.90 resistance, a breakout of this level would suggest that the downside movement from 114.73 had completed at 104.63 already, then the following upside movement could take price to next resistance level at 110.00...
AUDUSD remains in the downtrend from 0.8135, the rise from 0.7642 is likely consolidation for the downtrend. Range trading between 0.7642 and 0.7785 would likely be seen over the next several days. As long as 0.7785 resistance...
GBPUSD stays in a trading range between 1.3711 and 1.4345. Another fall towards 1.3711 support could be expected next week. A breakdown below this level would suggest that the bullish movement from 1.1946 (Oct 7, 2016 low)...
EURUSD continued its sideways movement in a trading range between 1.2154 and 1.2555. As long as 1.2154 support holds, the sideways move could be treated as consolidation for the uptrend from 1.1554 and a breakout of 1.2555...
By Elliott Wave International The legendary football coach Vince Lombardi believed that a winning team is built on mastering the game’s basics — so much so that at the start of the season he would “remind” veteran...
USDCAD continued its downside movement from 1.2943 to as low as 1.2744. Further decline is still possible and next target would be at 1.2650 area. Near term resistance at 1.2810, only break above this level could trigger...
USDJPY broke above 107.01 resistance and extended its upside movement from 105.65 to as high as 107.49. Near term support is at the bottom trend line of the price channel on the 4-hour chart. As long as...
AUDUSD is in consolidation for the downtrend from 0.7916. Another rise towards 0.7760 resistance is possible. However, as long as this level holds, the downtrend could be expected to resume and one more fall to 0.7600 area...
GBPUSD broke below 1.4008 support and extended its downside movement from 1.4244 to as low as 1.3965. Further decline could be expected in a couple of days and next target would be at 1.3889 support. Below this...
EURUSD extended its downside movement from 1.2476 to as low as 1.2218, breaking below 1.2239 support. Further decline is still possible after a minor consolidation and next target would be at 1.2155 support. Near term resistance is...
