AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall...
GBPUSD remains in downtrend from 1.5929. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is located at the top of the price channel on daily chart,...
EURUSD’s downward movement from 1.1713 extended to as low as 1.0896. Further decline could be expected, and next target would be at 1.0600 area. Resistance is located at the downward trend line on daily chart, as long...
By Elliott Wave International The following article on currency devaluation’s role in deflation is from Elliott Wave International, the world’s largest financial forecasting firm. EWI has just released a new report, Deflation and the Devaluation Derby, to...
USDCAD is in downtrend from 1.3456, the rise from 1.2831 is likely correction of the downtrend. Another fall could be expected after correction, and the target would be at 1.2500 area. Resistance is at 1.3456, only break...
USDJPY is facing 121.62 resistance, a break of this level will indicate that the uptrend from 116.13 has resumed, then next target would be at 125.00 area. Support levels are at 118.16 and 116.13, only break below...
AUDUSD failed to break above 0.7439 resistance, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the rise from 0.6907 could be treated as consolidation of the downtrend. Another fall towards 0.6500...
GBPUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.5929. Resistance is at the top of the channel. As long as the channel resistance holds, the downtrend could be expected to...
EURUSD broke below 1.1087 support, indicating that the downtrend from 1.1713 had resumed. Further decline could be expected over the next several weeks, and next target would be at 1.0600 area. Resistance levels are at 1.1250 and...
By Elliott Wave International Elliott waves don’t merely reflect prices plotted over time. Each wave has its own “personality.” Watch this video by EWI’s Wayne Gorman to learn more about the psychology behind the waves and how...
