By Elliott Wave International A head-and-shoulders pattern is one of the most well-known classic chart patterns. In this 4-minute video from Jeffrey Kennedy’s Trader’s Classroom, you’ll see an example of a bearish head-and-shoulders formation and a bullish,...
USDCAD remains in uptrend from 1.2460, the fall from 1.3188 is likely correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.3600 area. Support is at 1.2460, only break...
USDJPY stayed in the trading range between 105.54 and 111.88. As long as 111.88 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 123.75, and further decline to 100.00...
No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend. Resistance is at 0.7550, as long as this level holds, the downtrend could be...
GBPUSD broke below 1.4332 support, indicating that the upward movement from 1.3835 had completed at 1.4769 already. Further decline to test 1.3835 support could be expected over the next several weeks. Resistance levels are at 1.4500 and...
EURUSD stays in the upward price channel on daily chart, and remains in uptrend from 1.0517. Key support is now at 1.1097, as long as this level holds, the uptrend could be expected to continue and next...
By Elliott Wave International In his Trader’s Classroom and Commodity Junctures services, master instructor Jeffrey Kennedy often uses traditional technical indicators with the Wave Principle to add confidence to his analysis. He starts with his Elliott wave...
By Elliott Wave International The Elliott Wave Principle is based on 5 core Elliott wave patterns, each having hard-and-fast rules, and a handful of guidelines. Here, our master instructor Jeffrey Kennedy gives you his tips for applying...
No changed in our view, USDCAD remains in uptrend from 1.2460, the fall from 1.3188 would possibly be correction of the uptrend. Support levels are at 1.2750 and 1.2460, as long as these levels hold, the uptrend...
USDJPY is facing 105.54 support, a breakdown below this level will indicate that the downtrend from 123.75 has resumed, then next target would be at 100.00 area. Key resistance is at 111.88, only break above this level...
