USDJPY broke below 111.58 support, indicating that the downtrend from 118.66 has resumed. Further decline could be expected over the next several weeks and next target would be at 105.00 area. Near term resistance is at 113.00,...
AUDUSD failed to break above 0.7778 resistance again and pulled back to 0.7600 area, indicating that lengthier consolidation for the uptrend from 0.7158 is needed. However, as long as the pair stays above 0.7490 support, another rise...
GBPUSD is forming a sideways consolidation in a trading range between 1.1946 and 1.2774. As long as the pair is below 1.2774 key resistance, the long term downtrend from 1.5016 could be expected to resume and another...
EURUSD is testing the resistance of the price channel on daily chart. As long as the channel resistance holds, the price action from 1.0340 could be treated as consolidation of the downtrend from 1.1616 (May 3, 2016...
USDCAD is now in uptrend from 1.3264, the fall from 1.3409 is likely correction of the uptrend. Further rise is possible in a couple of days and next target would be at 1.3500 area. Support is at...
USDJPY’s downward movement from 115.50 extended to as low as 110.62. Further decline is still possible after a minor consolidation and next target would be at 110.00 area. Near term resistance is at the top of the...
AUDUSD is now in downtrend from 0.7749. Further decline could be expected in a couple of days and next target would be at 0.7550 area. Resistance is at 0.7685, only break above this level could trigger another...
GBPUSD’s upward movement from 1.2109 extended to as high as 1.2531. Further rise is still possible after a minor consolidation and next target would be at 1.2600 area. Near term support is at the rising trend line...
EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hours chart. As long as the channel support...
By Elliott Wave International Jeffrey Kennedy, a recognized expert in Elliott wave analysis and forecasting, explains why the Wave Principle is such a reliable and powerful way to forecast the financial markets. Jeffrey stresses that if you...
