GBPUSD remains in downtrend from 1.5016, the bounce from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 could be expected over the next several weeks. Resistance is at 1.2700, as long as...
EURUSD’s downward movement from 1.1299 extended to as low as 1.0569. Further decline to test 1.0462 (Mar 13, 2015 low) support is possible next week. A breakdown below this level will indicate that the long term downtrend...
By Elliott Wave International [Editor’s note: The text version of this interview is below.] ********* Alexandra Lienhard: I’m Alexandra Lienhard for ElliottWaveTV, and today I’ve snuck into Jim Martens’ office. Jim is Elliott Wave International’s Senior Currency...
USDCAD is facing 1.3588 resistance, a break of this level will indicate that the uptrend from 1.3005 has resumed, then next target would be at 1.3700 area. On the downside, as long as 1.3588 resistance holds, the...
USDJPY’s upward movement from 101.18 extended to as high as 110.68. Near term support is at upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue,...
AUDUSD’s downward movement extended to as low as 0.7381. Further decline could be expected, and next target would be at 0.7200 area. Resistance is at 0.7480, only break above this level could signal completion of the downtrend.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462...
USDJPY remains in uptrend from 101.18, the fall from 109.75 is likely consolidation of the uptrend. Range trading between 107.00 and 109.75 would likely be seen in a couple of days. Support is at 107.00, as long...
AUDUSD continued its downward movement from 0.7778 and the fall extended to as low as 0.7460. Further decline is still possible after a minor consolidation, and next target would be at 0.7300 area. Resistance levels are at...
EURUSD’s downward movement from 1.1299 extended to as low as 1.0666. Further decline is still possible after a minor consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.0820 and 1.0900, as long...
