By Elliott Wave International On November 9, the United States woke to the biggest political shock since Harry Truman defeated “shoe-in” Thomas E. Dewey in the 1948 U.S. presidential election. For U.S. bond investors, the 2016 election...
USDCAD continued its upward movement from 1.2460, and the rise extended to as high as 1.3548. Near term support is at 1.3240, as long as this level holds, the uptrend could be expected to continue, and next...
USDJPY is facing 107.48 resistance, a break of this level will indicate that the long term downtrend from 125.85 (Jun 5, 2015 high) had completed at 98.97 already, then further rise to 115.00 area could be seen....
AUDUSD continued its sideways movement in a range between 0.7441 and 0.7778. As long as 0.7441 key support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7144, and further rise to 0.8000...
GBPUSD is facing 1.2700 resistance, a break of this level will indicate that the downward movement from 1.5016 had completed at 1.1946 already, then the following upward movement could bring price to 1.3500 zone. On the other...
EURUSD broke below 1.0851 support, indicating that the downtrend from 1.1616 has resumed. Further decline to test 1.0517 (Dec 3, 2015 low) support could be expected over the next several weeks. Resistance is at 1.1150, only break...
USDCAD continued its upward movement from 1.3005, and the rise extended to as high as 1.3525. Further rise could be expected over the next several days, and next target would be at 1.3600 area. Key support is...
USDJPY’s upward movement from 101.18 extended to as high as 106.94. Further rise could be expected after a minor consolidation, and next target would be at 108.00 area. Near term support is at 104.90, as long as...
AUDUSD is facing 0.7557 support, a breakdown below this level will confirm that the uptrend from 0.7506 had completed at 0.7778 already, then the following downward movement could bring price to 0.7000 area.
GBPUSD’s upward movement from 1.2082 extended to as high as 1.2584. Further rise is still possible and next target would be at 1.2700 area. Support is at d1.2330, only break below this level could bring price back...
