GBPUSD broke below 1.3835 previous low support, indicating that the long term downtrend from 1.7190 (Jul 15, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.2000...
EURUSD broke below the support of the price channel on daily chart, indicating that the upward movement from 1.0517 had completed at 1.1616 already. Further decline could be expected over the next several weeks, and next target...
By Elliott Wave International Jeffrey Kennedy, the editor of our Trader’s Classroom service, talks about some of the easy techniques to help you spot high-confidence trade opportunities. Take a listen — and see if you can adapt...
By Elliott Wave International The campaign for the June 23 referendum on whether or not Britain should remain a member of the European Union has just hit a horrific milestone. CNBC reports that, “A British lawmaker was...
If you follow Europe’s major financial news networks, you’re no doubt inundated by all the rumor and conjecture surrounding the Brexit referendum — it dominates the headlines. Back across the pond, the Washington Post calls it the...
No changed in our view, USDCAD remains in uptrend from 1.2460, the fall from 1.3188 could be treated as correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.3600...
After consolidation, USDJPY broke below 105.54 previous low support, and continued its downward movement from 123.75. Further decline could be expected over the next several weeks, and next target would be at 100.00 area. Key resistance is...
AUDUSD remains in downtrend from 0.7834, the price action from 0.7144 could be treated as consolidation of the downtrend. Range trading between 0.7144 and 0.7550 could be expected over the next several weeks. As long as 0.7550...
GBPUSD’s downward movement from 1.4769 extended to as low as 1.4012. Further decline to test 1.3835 support could be expected over the next several weeks. Resistance is at 1.4500, as long as this level holds, the downtrend...
EURUSD is testing the support of the price channel on daily chart. As long as the channel support holds, the fall from 1.1616 could be treated as consolidation of the uptrend from 1.0517, one more rise to...
