By Elliott Wave International Jim Martens, the editor of our Currency Pro Service, gives you a preview of what’s going on in the FX world post-Brexit. Watch this new interview to learn which markets Jim’s keeping his...
USDCAD is testing 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. On the downside, a breakdown below 1.2800 support could bring...
USDJPY is testing that resistance of the downward trend line on daily chart. A clear break above the trend line resistance will indicate that the downtrend from 123.75 (Nov 18, 2015 high) had completed at 98.97 already,...
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Another fall to 0.6900 area to complete the downward movement could be expected. Key resistance is at 0.7834, only break above...
No changed in our view, GBPUSD is in downtrend from 1.5016, the rise from 1.2795 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2000.
EURUSD remains in downtrend from 1.1616, the rise from 1.0911 is possibly be consolidation of the downtrend. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend...
Consider the common thread in these recent market calls: Forecast: A 70% decline in the base commodity that runs the industrialized world (when most traders were bullish). Forecast: A 30% plunge in shares of Wall Street’s favorite...
USDCAD is testing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then the following upward movement could bring price to 1.3600 area. Support is at 1.2460, only a breakdown...
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.
