EURUSD broke below the upward price channel on 4-hour chart, indicating that consolidation of the uptrend is underway. Range trading between 1.1000 and 1.1141 would likely be seen over the next several days. As long as 1.1000...
USDCAD’s upward movement from 1.2460 extended to as high as 1.3465. Key support is at 1.3000, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3700 area....
USDJPY continued its sideways movement in a range between 98.97 and 107.48. Another fall to test 98.97 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 125.85...
AUDUSD stayed in the narrow range between 0.7441 and 0.7755 for several weeks. Key support is at 0.7441, as long as this level holds, the price action in the range could be treated as consolidation of the...
GBPUSD remains in downtrend from 1.5016, the rise from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 is possible over the next several weeks. Resistance is at 1.2700, as long as this...
EURUSD broke above 1.1060 resistance, indicating that the downward movement from 1.1366 had completed at 1.0851 already. Further rally could be expected, and next target would be at 1.1500 area. Support is at 1.0851, only break below...
By Elliott Wave International Last Friday, EURUSD rallied strongly. Said Reuters: “The U.S. dollar tumbled against a basket of major currencies…on U.S. political uncertainty after the FBI said it would review more emails related to Democratic presidential...
USDJPY’s downward movement from 105.53 extended to as low as 102.54. Further decline is still possible after a minor consolidation, and next target would be at 101.00 area. Resistance is at 104.25, as long as this level...
AUDUSD broke above 0.7688 resistance, indicating that the downward movement from 0.7734 had completed at 0.7557 already. Further rise could be expected and next target would be at 0.7800 area. Support is at 0.7600, only break below...
GBPUSD broke above 1.2332 resistance and reached as high as 1.2494. Further rally is still possible and next target would be at 1.2600 area. Support is at 1.2330, only break below this level will indicate that the...
