GBPUSD remains in downtrend from 1.2569. As long as the pair is in the descending channel on 4-hours chart, the downtrend could be expected to continue, and next target would be at 1.2000 area. Resistance levels are...
EURUSD continued its sideways movement in a range between 1.0493 and 1.0679. The sideways movement is likely consolidation of the downtrend from 1.0828, further decline to 1.0400 area is still possible after the sideways consolidation. Key resistance...
By Elliott Wave International This was an eventful week in politics, monetary policy and the markets — and to many observers, the three seemed to be linked. On Wednesday (March 1), the U.S. dollar did something it...
EURUSD moved sideways in a trading range between 1.0493 and 1.0679. As long as 1.0679 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.0828 and further decline to 1.0400 area...
GBPUSD’s bearish movement from 1.2569 extended to as low as 1.2139. As long as the pair stays in the descending channel on 4-hour chart, the downtrend could be expected to continue, and next target would be at...
After consolidation, AUDUSD continued its downward movement from 0.7740 and dropped to as low as 0.7517. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is...
USDJPY is facing 114.95 resistance again. A break of this level will indicate that the pair is in uptrend from 111.68, then the following upward movement could bring price to 117.50 zone. Near term support is at...
After consolidation, USDCAD continued its upward movement from 1.3009 and the rise extended to as high as 1.3500. Further rise is still possible after a minor consolidation and next target would be at 1.3600 area. Key support...
USDCAD moved sideways in a narrow range between 1.3372 and 1.3436. As long as 1.3330 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.3009 and further rise to 1.3500 area is...
USDJPY failed to break above the 114.95 resistance and stayed in the trading range between 111.59 and 114.95. Another fall would likely be seen in a couple of days, and the support at 111.59 would be retested.
