USDCAD continued its sideways movement in a range between 1.2460 and 1.3188. Resistance is at 1.3188, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600...
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75. As long as the trend line resistance holds, the rise from 98.97 could be treated as consolidation of the downtrend. Further...
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Another fall could be expected after correction and next target would be at 0.6900. Support level is at 0.7250, a breakdown...
GBPUSD is now in downtrend from 1.5016. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Resistance is at 1.3800, as long as this level holds, the downtrend will...
EURUSD is now in downtrend from 1.1616, the bounce from 1.0911 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0600 area. Resistance is at...
By Elliott Wave International Steve Hochberg and Pete Kendall, co-editors of our monthly Financial Forecast, sat down with ElliottWaveTV to discuss the volatility that followed Thursday’s Brexit vote. Learn what the Brexit vote represents — and its...
By Elliott Wave International The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They...
USDCAD moved sideways in a range between 1.2460 and 1.3188 for several weeks. Another rise to 1.3600 area would likely be seen after the sideways movement, and a break of 1.3188 resistance could signal resumption of the...
USDJPY’s downward movement from 123.75 extended to as low as 98.97. Further decline could be expected after a minor consolidation, and next target would be at 95.00 area. Resistance is at the downward trend line on daily...
No changed in our view, AUDUSD remains in downtrend from 0.7834, the bounce from 0.7144 could be treated as correction of the downtrend. Further decline could be expected after correction, and next target would be at 0.6900...
