By Elliott Wave International Late last Thursday night (Dec. 29), I got an insistent email from a colleague. Jim Martens, long-time editor of our forex-focused Currency Pro Service sent me this message with only a subject line:...
USDCAD stays in the upward price channel on daily chart, and remains in uptrend from 1.2460. As long as the channel support holds, the price action from 1.3588 could be treated as consolidation of the uptrend. Further...
No changed in our view, USDJPY remains in uptrend from 101.18. As long as 114.73 support holds, the fall from 118.66 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation and...
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.7778. As long as the trend line resistance holds, the rise from 0.7158 could be treated as consolidation of the downtrend. Further...
GBPUSD remains in short term downtrend from 1.2774. Further decline to test 1.1946 support is still possible in a couple of weeks. Near term resistance is at 1.2500, only break above this level would trigger another rise...
EURUSD’s downward movement from 1.1366 extended to as low as 1.0340. Near term resistance is at the top of the price channel on daily chart. As long as the channel resistance holds, the downtrend could be expected...
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USDCAD continued its downward movement from 1.3598, and the fall extended to as low as 1.3191. Near term resistance is at 1.3340, as long as this level holds, the downtrend will continue, and next target would be...
USDJPY is facing 114.73 support, a breakdown below this level will signal completion of the uptrend from 101.18 (Nov 09, 2016 low), then the following downward movement could bring price back to 112.50 area. On the upside,...
AUDUSD’s upward movement from 0.7159 extended to as high as 0.7356. Further rise is still possible and next target would be at 0.7400 area. Support is at 0.7280, only break below this level could signal completion of...
