AUDUSD broke above the downward trend line on daily chart, indicating that consolidation for the downtrend from 0.9504 (Jul 1, 2014 high) is underway. Range trading between 0.6907 and 0.7439 would likely be seen over the next...
GBPUSD remains in downtrend from 1.5929, the rise from 1.5165 is likely consolidation of the downtrend. Further decline is possible and next target would be at 1.4700 area. Key resistance is at 1.5929, only break above this...
EURUSD is in downtrend from 1.1713, the rise from 1.1087 could be treated as correction of the downtrend. Further decline is still possible after correction, and next target would be at 1.0600 area. Key resistance is at...
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By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. Technical versus fundamental analysis: Which approach yields better investment results? A new study by three finance professors offers an answer....
USDCAD remains in uptrend from 1.1919, the fall from 1.3353 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on daily chart. As long as the channel support...
USDJPY remains in uptrend from 116.13, the fall from 121.62 could be treated s correction of the uptrend. Another rise to test 125.85 resistance is possible after correction. Key support is at 116.13, only a break below...
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.8162. As long as the trend line resistance holds, the bounce from 0.6907 could be treated as consolidation of the downtrend, and...
GBPUSD is now in downtrend from 1.5929. Further decline could be expected after a minor consolidation, and next target would be at 1.4700 area. Resistance is at 1.5500, only break above this level could trigger another rise...
EURUSD remains in downtrend from 1.1713, the bounce from 1.1087 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 1.0600 area. Key resistance is at 1.1713, only...
