USDJPY broke below 108.28 support, suggesting that the downside movement from 113.75 (Dec 12, 2017 low) has resumed. Further decline is still possible and next target would be at 107.31 (Sep 8, 2017 low) support. Near term...
AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that the downside movement from 0.8135 had completed at 0.7759 already. Further rise would likely be seen and next target would...
GBPUSD extended its downside movement from 1.4345 to as low as 1.3764. Further decline would likely be seen and next target would be at 1.3600 area. Resistance is at 1.4066, only break above this level could signal...
EURUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline to test 1.2165 support is...
USDCAD broke above 1.2590 resistance, confirming that the downside movement from 1.2920 had completed at 1.2248 already. Further rise to test 1.2920 resistance would likely be seen after consolidation. Support levels are at 1.2400 and 1.2248, only...
USDJPY extended its downside movement from 113.75 to as low as 108.04. As long as the price stays in the bearish channel on the daily chart, the downside movement could be expected continue and further decline to...
AUDUSD continue its downside movement from 0.8135 and the fall extended to as low as 0.7759. Further decline is still possible after a minor consolidation next target would be at 0.7650 area. Near term resistance is at...
GBPUSD’s pullback from 1.4345 extended to as low as 1.3764, facing the support of the bullish trend line on the daily chart. As long as the trend line support holds, the fall from 1.4345 could be treated...
EURUSD is now facing the support of the rising trend line on the daily chart. As long as the price is above the trend line, the pulled back from 1.2537 could be treated as consolidation of the...
By Elliott Wave International By February of this year, investors had almost forgotten what stock market volatility looked like. And then something unprecedented happened. On Monday, Feb. 5, the DJIA closed 1,175 points down, the biggest single-day...
