GBPUSD broke above 1.2673 resistance and reached 1.2736. The uptrend from 1.2302 could be expected to continue, and next target would be at 1.2900 area. Support is at 1.2550, only break below this level could bring price...
EURUSD broke below 1.0518 previous low support, indicating that the downtrend from 1.1299 has resumed. Further decline could be expected, and next target would be at 1.0300 area. Resistance levels are at 1.0689 and 1.0800, only break...
USDCAD remains in uptrend from 1.2763, the fall from 1.3588 is likely consolidation of the uptrend. Support is at the upward trend line on daily chart. As long as the trend line support holds, the uptrend could...
USDJPY continued its upward movement from 101.18, and the rise extended to as high as 114.82. Further rise is still possible after a minor consolidation, and next target would be at 120.00 area. Support levels are at...
AUDUSD remains in downtrend from 0.7778, the rise from 0.7310 is likely consolidation of the downtrend. Deeper decline could be expected after consolidation, and next target would be at 0.6900 area. Resistance is at 0.7530, only break...
GBPUSD broke above 1.2700 resistance, indicating that the downtrend from 1.5016 had completed at 1.1946 already. Further rally could be expected over the next several weeks, and next target would be at 1.3500 area. Support is at...
Being contained by 1.0462 (Mar 13, 2015 low) support, EURUSD rebounded from 1.0518. However, the rise is likely consolidation of the downtrend from 1.1299, further decline to test 1.0462 support is still possible. Resistance levels are at...
By Elliott Wave International Moving averages are a popular tool for technical traders because they can “smooth” price fluctuations in any chart. Senior Analyst Jeffrey Kennedy gives a clear definition: “A moving average is simply the average...
USDCAD’s downward movement from 1.3588 extended to as low as 1.3356. Further decline is still possible, and next target would be at 1.3250 area. Resistance is at 1.3540, only break above this level could trigger another another...
USDJPY broke above 113.89 resistance, indicating that the uptrend from 101.18 has resumed. Further rise could be expected, and next target would be at 118.00 area. Near term support is at 112.15, as long as this level...
