USDJPY broke below 122.00 support, indicating that the short term uptrend from 118.16 had completed at 123.75 already. Deeper decline is still possible in a couple of weeks, and the target would be at 118.00 area. Resistance...
AUDUSD failed to break above 0.7439 resistance, and continued its sideways movement in a range between 0.6907 and 0.7439. Another fall to test 0.6907 support would likely be seen in a couple of weeks, and a breakdown...
GBPUSD stays in a descending wedge pattern on daily chart, and remains in downtrend from 1.5929. Near term resistance is located at the upper border of the wedge, as long as the wedge resistance holds, the downtrend...
EURUSD is now in uptrend from 1.0517. Further rally could be expected after a minor consolidation, and next target would be at 1.2000 area. Support levels are at 1.0740 and 1.0517, only break below these levels could...
By Elliott Wave International It’s the start of the winter holidays — which, if your family is anything like mine, is also the beginning of a long tradition of deeply regrettable line-crossing, i.e.: Crossing that line into...
By Elliott Wave International Watch this 2-minute video from 2011 where Robert Prechter talks about his developing theory on finance with Douglass Lodmell for The Mind Of Money series. Since then, Bob has been hard at work...
USDCAD is testing 1.3456 resistance, a break of this level will indicate that the uptrend from 1.1919 has resumed, then next target would be at 1.4000 area. Near term support is at 1.3200, only break below this...
No changed in our view, USDJPY remains in short term uptrend from 118.16, the fall from 123.75 is treated as consolidation of the uptrend. Further rise to test 125.85 resistance is possible, a break of this level...
AUDUSD is facing 0.7439 resistance again, a break of this level will indicate that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6907 already, then the following upward movement could bring price to 0.8000...
GBPUSD is in a descending wedge pattern on daily chart. Further decline would likely be seen over the next several weeks, and the target would be at 1.4700 – 1.4800 area. Near term resistance is at the...
