GBPUSD moved sideways in a trading range between 1.3087 and 1.3337. The pair is now facing 1.3087 support, a breakdown below this level could trigger another fall to the major support trend line on the daily chart....
EURUSD broke below 1.1662 support, indicating that the whole uptrend from 1.0340 (Jan 3 low) had completed at 1.2092 already. Further decline could be expected after a minor consolidation and next target would be at the resistance-turned-support...
USDCHF extended its upside movement from 0.9420 to as high as 0.9939. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue after consolidation...
USDCAD extended its upside movement from 1.2450 to as high as 1.2816, breaking above an important resistance at 1.2778 (Aug 15 high). Near term support is at the rising trend line on the 4-hour chart. As long...
USDJPY extended its upside movement from 111.65 to as high as 114.24. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
AUDUSD extended its downside movement from 0.7897 to as low as 0.7690, facing a resistance-turned-support trend line on the weekly chart. At the same time, the pair stays below a bearish trend line on the 4-hour chart,...
GBPUSD broke above a major resistance level at 1.3228, indicating that the pair is in short term uptrend from 1.3087. Further rise could be expected and next target would be at 1.3337. A breakout of this level...
EURUSD continued its sideways movement in a trading range between 1.1725 and 1.1879. The sideways movement is likely consolidation of the short term uptrend from 1.1669. Another rise could be expected after the consolidation and a breakout...
USDCNH stays in a rising price channel on the 4-hour chart and remains in the short term uptrend from 6.5555. As long as the price is in the channel, the upside movement could be expected to continue...
By Elliott Wave International If there’s ever been a time to resist the impulse to follow the investing crowd, now is that time. Large speculators are making a bet that’s four times larger than what they made...
