EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462 could be treated as consolidation of the downtrend. Resistance is located at the...
By Elliott Wave International See how three Elliott wave patterns develop — in Cliffs Natural Resources Inc (CLF), iShares Russell 2000 Index (IWM) and Direxion Daily Financial Bull 3X Shares (FAS) — in this classic 5-minute video...
By Elliott Wave International Editor’s note: The following article is excerpted from Elliott Wave International’s new free report, “U.S. Economy Still on Life Support.” For years, the government has manipulated its unemployment statistics to line up with...
After touching 1.2447 support, USDCAD rebounded into the trading range between 1.2447 and 1.2835. Further rally would likely be seen, and the target would be at 1.2700 area. Support is at 1.2447, only break below this level...
USDJPY broke below 119.29 support, indicating that the downtrend from 122.02 has resumed. Further decline could be expected, and next target would be at 118.00 area. Resistance levels are at 120.50 and 122.02, only break above these...
AUDUSD broke above 0.7912 resistance, indicating that the uptrend from 0.7560 has resumed. Further rise could be expected after a minor consolidation, and next target would be at 0.8050 area. Support is at 0.7700, only break below...
GBPUSD stays in the trading range between 1.4634 and 1.5162. Key resistance is at 1.5162, as long as this level holds, the sideways movement could be expected to continue over the next several days, and another fall...
EURUSD is testing 1.1045 resistance, a break of this level will signal resumption of the uptrend from 1.0462, then next target would be at 1.1200 area. On the other side, as long as 1.1045 resistance holds, the...
Exclusive invitation: Exclusive invitation: Our friends at Elliott Wave International have just released a brand-new report, “U.S. Economy Still on Life Support,” which reveals the hidden truths behind the weakest recovery on record. Get the hidden truth...
USDCAD is facing 1.2447 support, as long as this level holds, the sideways movement in a range between 1.2447 and 1.2835could be expected to continue. On the downside, a breakdown below 1.2447 support will indicate that the...
