AUDUSD broke above the resistance of the bearish trend line on its daily chart, indicating that the downside movement from 0.7749 had completed at 0.7328 already. Further rally is possible over the next several weeks and next...
GBPUSD moved below the rising trend line support at 1.2820 on its daily chart and is now facing the 1.2756 key support. A breakdown below this level will confirm that the bullish movement from 1.2109 had completed...
EURUSD remains in uptrend from 1.0569, the fall from 1.1268 could be treated as consolidation of the uptrend. Near term support is at the rising trend line on daily chart. As long as the trend line support...
After breaking below the lower support trend line of the triangle patter on the daily chart, USDCNH continued to break through the 6.8680 key support, indicating that the bearish movement from the January 3 high of 6.9867...
USDCAD stays in a bearish price channel on 4-hour chart and remains in downtrend from 1.3793. As long as the pair is in the channel, the rise from 1.3387 could be treated as consolidation of the downtrend...
USDJPY remains in uptrend from 110.23, the fall from 112.13 is likely consolidation of the uptrend. Further rise could be expected and next target would be at 113.50 area. Support levels are at 110.80 and 110.23, only...
AUDUSD broke below the bottom support trend line of the price channel on 4-hour chart, indicating that the upward movement from 0.7328 had completed at 0.7517 already. Further decline could be expected over the next several days...
GBPUSD broke below the bottom trend line of the price channel on 4-hour chart, and is now facing the 1.2844 key support. A breakdown below this level indicate that the upward movement from 1.2365 had completed at...
EURUSD moved sideways in a narrow range between 1.1161 and 1.1267. As long as 1.1161 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0839 and another rise towards 1.1350 could be...
By Elliott Wave International Let’s assume financial markets are driven by news events. Negative news items cause prices to fall, while positive items fuel rallies. Easy enough, right? Not exactly. See, there are several problems with this...
