USDJPY is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the bounce from 98.97 could be treated as consolidation of the downtrend from 123.75 (Nov 18,...
AUDUSD’s upward movement from 0.7144 extended to as high as 0.7676. However, the rise would possibly be correction of the downtrend from 0.7834, another fall is still possible after correction, and next target would be at 0.6900.
GBPUSD remains in downtrend from 1.5016, the rise from 1.2795 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2000. Near term resistance is at 1.3550, as...
EURUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.1616. Further decline could be expected after a minor consolidation, and next target would be at 1.0600 area. Resistance is at the...
By Elliott Wave International [Editor’s Note: The text version of the story is below.] Investors who jump on “sure things” in the stock market usually lick their wounds with regret. The decision of British voters to leave...
By Elliott Wave International Jim Martens, editor of Currency Pro Service, prepared his subscribers early for the violent reversal and historic sell-off in the British pound. Learn what helped him do it. Trading Forex: How the Elliott...
USDCAD is facing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600 area. Support is at 1.2460, only a breakdown below this level...
USDJPY remains in downtrend from 123.75, the rise from 98.97 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend...
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 would possibly be correction of the downtrend. Another fall could be expected after correction and next target would be at 0.6900.
GBPUSD’s downward movement from 1.5016 extended to as low as 1.2795. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term resistance is at 1.3550, as long as...
