AUDUSD broke above 0.7695 resistance and continued its upward movement from 0.7159 (Dec 26, 2016 low). Further rise could be expected in a couple of days, and next target would be at 0.7800 area. Key support is...
EURUSD broke above the downward trend line on 4-hour chart, implying that the downtrend from 1.0828 had completed at 1.0521 already. Further rise would likely be seen in a couple of days and the target would be...
USDCAD remains in uptrend from 1.2968, the fall from 1.3211 is likely correction of the uptrend. As long as 1.2968 support holds, the uptrend could be expected to resume, and further rise to 1.3300 area is possible...
USDJPY is facing the resistance of the downward price channel on 4-hour chart. As long as the pair stays in the channel, the price action from 112.56 could be treated as consolidation of the downtrend from 118.66...
EURUSD’s downward movement from 1.0828 extended to as low as 1.0560. There is a downward trend line on 4-hour chart, which may act as a resistance on the upside now at 1.0620. As long as the pair...
By Elliott Wave International You’ve probably heard the terms “support” and “resistance.” Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse....
USDJPY’s bounce from 111.59 extended to as high as 114.16. Further rise to the top of the price channel on 4-hour chart is possible. As long as the channel resistance holds, the price action from 112.56 could...
AUDUSD moved sideways in a narrow range between 0.7605 and 0.7695. The sideways movement is likely consolidation of the uptrend from 0.7159 (Dec 26, 2016 low). Further rise could be expected as long as the pair stays...
GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 is likely correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break...
EURUSD stays below the downward trend line on 4-hour chart, which is holding the downside move from 1.0828. As long as the pair is below the trend line, the downtrend could be expected to continue, and next...
