AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the price action in the range could be treated as consolidation of the long term downtrend from 0.9504 (Jul...
GBPUSD’s downward movement from 1.5929 extended to as low as 1.4732. Further decline to test 1.4565 previous low support is possible next weeks. Resistance is at the downward trend line on daily chart, only a clear break...
EURUSD is in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.2000 area. Support levels are at 1.0740 and...
By Elliott Wave International It’s almost Christmas, “the hap-happiest season of all.” Yet, here’s a sobering fact for U.S. investors: S&P 500 stocks are actually lower now than at the end of last year (chart: Google Finance):...
USDCAD remains in uptrend from 1.2831, the fall from 1.4000 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the...
USDJPY’s downward movement from 123.75 extended to as low as 120.24. Further decline could be expected in a couple of weeks, and the target would be at 118.00 area. Resistance is at 123.75, only break above this...
AUDUSD moved sideways in a trading range between 0.6907 and 0.7439 for several months. Another rise to test 0.7439 would likely be seen in a couple of weeks, a break of this level will indicate that the...
GBPUSD continued its downward movement from 1.5929, and the fall extended to as low as 1.4805. Further decline could be expected after a minor consolidation, and next target would be at 1.4700 – 1.4800 area. Resistance is...
EURUSD remains in uptrend from 1.0517, the pullback from 1.0159 could be treated as consolidation of the uptrend. Near term support is at 1.0740, as long as this level holds, the uptrend could be expected to continue,...
By Elliott Wave International (Continued; here is part one of this article, if you missed it.) Think of Trading and Investing as a Trip Here’s my advice: View the Elliott Wave Principle as your road map to...
