GBPUSD failed to breakout of 1.4345 resistance and pulled back from 1.4244. Another fall to test 1.3711 is possible next week. A breakdown below this level could bring price to 1.3500, followed by 1.3000. Resistance is at...
EURUSD failed to breakout of 1.2555 resistance and stays in a trading range between 1.2154 and 1.2555. Another fall to test 1.2154 support would likely be seen next week. As long as this level holds, the price...
USDCAD failed to break above 1.2948 resistance and stays in a trading range between 1.2814 and 1.2948. Another rise to test 1.2948 resistance is possible, a breakout of this level could bring price to 1.3000, followed by...
USDJPY remains in the uptrend from 104.63, the fall from 107.01 could be treated as consolidation for the uptrend. Support is at 105.75, as long as this level holds, the uptrend could be expected to resume and...
AUDUSD remains in the downtrend from 0.7916, the rise from 0.7642 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and a breakdown below 0.7642 support could take price to 0.7600 zone....
GBPUSD extended its downside movement from 1.4244 to as low as 1.4010. Further decline could be expected in a couple of days and next target would be at 1.3889 support. Near term resistance is at 1.4130, only...
EURUSD extended its downside movement from 1.2476 to as low as 1.2283. Further decline to test 1.2239 support is possible after a minor consolidation and a breakdown below this level could trigger further downside movement towards 1.2155....
By Elliott Wave International There’s a widespread assumption that supply and demand drive oil prices. Almost all economists base their oil forecasts entirely on this premise, and so do many speculators. If the oil industry ramps up...
USDCAD is facing 1.2948 resistance. A breakout of this level would indicate that the downtrend from 1.3124 had completed at 1.2814 already, then the following upside movement could take price to next resistance level at 1.3000, followed...
USDJPY broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 107.29 had completed at 104.63 already. Further rally would likely be seen and next target would be at 107.29...
