AUDUSD remains in uptrend from 0.7158, the price action from 0.7740 is likely consolidation of the uptrend. Another rise towards 0.7800 could be expected after the consolidation. Support is now at 0.7472, only break below this level...
GBPUSD broke out the upper line of the triangle pattern, indicating that lengthier consolidation for the long term downtrend from 1.7190 (Jul 15, 2014 high) is underway. Further rise could be expected over the next several weeks,...
EURUSD is testing the resistance of the descending price channel on daily chart. As long as the pair is in the channel, the price action from 1.0340 could be treated as consolidation of the downtrend from 1.1616...
By Elliott Wave International Avi Gilburt of ElliottWaveTrader.net conducted a thoughtful interview with Bob Prechter recently. We thought you’d like to see it. ********* 1. How did you come across Elliott wave analysis? My dad subscribed to...
USDCAD’s upward movement from 1.3223 extended to as high as 1.3499. Further rise is still possible after a minor consolidation and next target would be at 1.3550 area. Support levels are at 1.3420 and 1.3380, as long...
USDJPY is facing the resistance of the descending price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downtrend from 112.19 had completed at 108.13 already, then further rise to 110.50...
AUDUSD remains in downtrend from 0.7610, the rise from 0.7491 is likely consolidation of the downtrend. Further decline to test 0.7473 support is possible, and a breakdown below this level will signal resumption of the downtrend from...
GBPUSD is in consolidation of the uptrend from 1.2365. Range trading between 1.2700 and 1.2904 is possible in a couple of days. As long as the pair is above 1.2700 support, the uptrend could be expected to...
EURUSD’s upward movement from 1.0569 extended to as high as 1.0777. Near term support is at 1.0699, as long as this level holds, the fall from 1.0777 could be treated as consolidation of the uptrend and further...
USDCAD moved above 1.3455 resistance and reached as high as 1.3490. Further rise could be expected after consolidation and next target would be at 1.3550 area. Support levels are at 1.3420 and 1.3380, as long as these...
