USDJPY stays below a bearish trend line on its 4-hour chart and remains in the downtrend from 114.49. As long as the price is below the trend line, the bounce from 108.73 could be treated as consolidation...
AUDUSD broke above the bearish trend line on its 4-hour chart, indicating that the downside movement from 0.8065 had completed at 0.7838 already. Further rally could be expected and next target would be at 0.8000 area. Support...
GBPUSD rebounded from 1.2939 after failing in its attempt to break below 1.2932 support. A break above 1.3030 resistance will indicate that the short term downtrend from 1.3267 had completed at 1.2939 already, then the following upside...
EURUSD’s bounce from 1.1689 extended to as high as 1.1847. Further rise to test 1.1909 resistance would likely be seen. However, as long as 1.1909 resistance holds, the downside movement could be expected to resume and another...
USDCAD moved above the bearish trend line on its daily chart, indicating that correction for the downtrend from 1.3793 is underway. Range trading between 1.2413 and 1.2900 would likely be seen over the next several weeks. Support...
USDJPY is facing 108.13 support once again. A breakdown below this level will indicate that the downtrend from 118.66 has resumed, then the following bearish movement could bring price to 105.00 area. On the upside, as long...
AUDUSD’s pullback from 0.8065 extended to as low as 0.7838, facing the support of the bullish trend line on its daily chart. As long as the price is above the trend line, the pullback could be treated...
GBPUSD remains in the uptrend from 1.1987, the pullback from 1.3267 is likely consolidation of the uptrend. Near term support is at the rising trend line on the daily chart. As long as the price is above...
EURUSD stays in a bullish price channel on its daily chart and remains in the uptrend from 1.0569. As long as the price is in the channel, the pullback from 1.1909 could be treated as consolidation of...
By Elliott Wave International “There are many different forms of technical analysis. A completed Elliott wave pattern supported by additional evidence allows for more confident forecasts and higher probability trades.“ – Jeffrey Kennedy Trader and technical analyst...
