USDJPY stays below a descending trend line on daily chart and remains in downtrend from 118.66. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...
AUDUSD is facing 0.7490 support, a breakdown below this level will indicate that the upward movement from 0.7158 had completed at 0.7749 already, then the following downward movement could bring price to 0.7000 area. On the upside,...
Under pressure by the downward trend line on daily chart, GBPUSD pulled back from 1.2615, indicating that lengthier sideways movement in the range between 1.1946 and 1.2774 is underway. Another fall to test 1.1946 support could be...
EURUSD stays in the descending price channel on daily chart and remains in downtrend from 1.1616 (May 3, 2016 high). Further decline could be expected over the next several weeks and next target would be at 1.0400...
By Elliott Wave International In this new interview, Brian Whitmer, the editor of our European Financial Forecast and contributor to the European section of Global Market Perspective, highlights the precarious position of European stock markets. Get a...
USDCAD moved sideways in a trading range between 1.3378 and 1.3455. Key support is at 1.3378, as long as this level holds, the uptrend from 1.3277 could be expected to continue, and further rise to 1.3500 area...
USDJPY moved sideways in a trading range between 110.11 and 112.19. The sideways movement is likely consolidation of the downtrend from 115.50, further decline could be expected after the consolidation and next target would be at 108.00...
AUDUSD stays below the descending trend line on 4-hour chart and remains in downtrend from 0.7679. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would...
GBPUSD stays in the triangle pattern on 4-hour chart. As long as 1.2418 key support holds, the price action in the triangle pattern could be treated as consolidation of the uptrend from 1.2109, and further rise to...
EURUSD’s bearish movement from 1.0905 extended to as low as 1.0629. Key resistance is now at 1.0689, as long as the pair is below this level, the downtrend could be expected to continue and next target would...
