USDJPY broke below 112.21 support and is now in consolidation of the uptrend from 107.31. Range trading between 111.47 and 113.43 would likely be seen in a couple of days. Key support is located at 111.47. As...
AUDUSD’s bounce from 0.7732 extended to as high as 0.7838. Further rally to test 0.7875 resistance is still possible, above this level would confirm that the downtrend from 0.8124 had completed at 0.7732 already, then the following...
GBPUSD is facing 1.3291 resistance. A break of this level could bring price to next resistance level at 1.3455. However, the bounce from 1.3027 is likely correction of the downtrend from 1.3657, as long as 1.3455 resistance...
EURUSD is in short term uptrend from 1.1669. As long as the price is above 1.1780 support, the upside movement could be expected to continue and next target would be at 1.1900, followed by 1.2029. On the...
USDCAD broke below 1.2448 key support, indicating that the uptrend from 1.2601 had completed at 1.2598 already. Further decline could be expected and next target would be at 1.2300, followed by 1.2061. Near term resistance is at...
USDJPY is in consolidation of the uptrend from 107.31. Range trading between 111.47 and 113.43 would likely be seen in the coming days. As long as 111.47 support holds, the uptrend could be expected to resume, and...
AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.8124 is underway. Further rally would likely be seen and next target would be at 0.7875. As long...
GBPUSD is now in short term uptrend from 1.3027. Further rise to test 1.3291 resistance would likely be seen. A breakout of this level would aim next resistance level at 1.3455. However, the short term uptrend would...
EURUSD broke above 1.1832 resistance, suggesting that the downside movement from 1.2092 had completed at 1.1669 already. Further rally is still possible and next target would be at 1.1900, followed by 1.2029. Near term support is at...
By Elliott Wave International So, there we have it. Deflation has started. The Federal Reserve announced last month that they would start to reduce their $4.5 trillion balance sheet in October, thereby starting the process we call...
