USDJPY’s upward movement from 108.81 extended to as high as 114.17. Further rise to retest 115.50 resistance could be expected next week. Above this level will indicate that the long term uptrend from 98.97 (Jun 24, 2016...
Under pressure by 0.7749 resistance, AUDUSD pulled back from 0.7712. However, as long as the price is above 0.7535 key support, the pullback could be treated as consolidation of the uptrend from 0.7328 and another rise towards...
GBPUSD failed to break above 1.3047 resistance and pulled back from 1.3029, indicating that a short term top had been formed. Deeper decline would likely be seen in a couple of weeks and next target would be...
EURUSD stays above a bullish trend line on its daily chart and remains in uptrend from 1.0340. As long as the pair is above the trend line, the uptrend could be expected to continue. There is a...
“That time still lies ahead, but it is coming.” – Robert Prechter says on the first page of his Elliott Wave Theorist. The major market Bob refers to could be the opportunity of a lifetime. And the...
After breaking above the top trend line of the price channel on the 4-hour chart, USDCAD moved sideways in a trading range between 1.2912 and 1.3014, suggesting that consolidation for the downtrend from 1.3347 is underway. Further...
USDJPY continued its upside movement and the rise extended to as high as 113.83. Near term support is at 112.74, followed by the bottom trend line of the price channel on its 4-hour chart now at around...
AUDUSD’s fall from 0.7712 extended to as low as 0.7571. Further decline to test 0.7535 support is possible. As long as 0.7535 support holds, the fall could be treated as consolidation of the uptrend from 0.7328 (May...
GBPUSD moved sideways in trading range between 1.2893 and 1.3029. As long as 1.2893 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2589, and further rise towards 1.3200 is possible after...
EURUSD failed to break below 1.1290 support and is now facing 1.1450 key resistance again. A break of this level will signal resumption of the uptrend from 1.0569 (Apr 10 low), then next target would be at...
