USDCAD moved sideways in a narrow range between 1.3178 and 1.3277. As long as 1.3340 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3598, and further decline to 1.3100 area is...
USDJPY is testing 114.73 support, as long as this level holds, the fall from 118.66 could be treated as consolidation of the uptrend from 101.18 (Nov 9, 2016 low), and another rise towards 120.00 could be expected...
AUDUSD’s upward movement extended to as high as 0.7384. Support is at 0.7287, as long as this level holds, the uptrend could be expected to continue, and further rise to 0.7450 area is still possible. Only break...
GBPUSD’s downward movement from 1.2774 extended to as low as 1.2107. Further decline is still possible and next target would be at 1.2000 area. Resistance levels are at 1.2300 and 1.2432, only break above these levels could...
EURUSD moved sideways below 1.0653 resistance. A break of this level will confirm that the pair is in uptrend from 1.0340, then the following upward movement could bring price to 1.0800 area. Near term support is at...
By Elliott Wave International Do you see a pattern you recognize in this chart of Reynolds American (RAI)? The Wave Principle separates price action into two categories: motive and corrective, and this price chart has a clear...
USDCAD remains in downtrend from 1.3598, the rise from 1.3178 could be treated as consolidation of the downtrend. Resistance is at 1.3340, as long as this level holds, the downtrend could be expected to continue, and next...
AUDUSD remains in uptrend from 0.7159. Further rise could be expected and next target would be at 0.7450 area. Support is at 0.7287, only break below this level could signal completion of the uptrend.
GBPUSD broke below 1.2199 support and continued its downward movement from 1.2774. Further decline could be expected, and next target would be at 1.2000 area. Resistance levels are at 1.2300 and 1.2432, only break above these levels...
EURUSD is facing 1.0653 resistance, a break of this level will indicate that the pair is in uptrend from 1.0340, then further rise to 1.0800 area could be seen. Near term support is at 1.0475, only break...
