AUDUSD remains in long term downtrend from 0.9504 (Jul 1, 2014 high), the sideways movement in the range between 0.7532 and 0.8162 is likely consolidation of the downtrend. Key resistance is at 0.8162, as long as this...
GBPUSD is in uptrend from 1.5170, the fall from 1.5929 is likely consolidation of the uptrend. Support is at 1.5550, as long as this level holds, the uptrend could be expected to continue and next target would...
EURUSD moved sideways in a trading range between 1.0819 and 1.1467. As long as 1.0819 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0462, and further rise towards 1.3000 is still...
By Elliott Wave International With China’s main Shanghai Composite index up almost 40% this year, and the tech-heavy Shenzhen Composite index up more than 90% YTD, are Chinese stocks in a bubble? It’s a legitimate question. You’ll...
Historians have aptly named the 20th century the “American Century.” THIS century, many experts agree, will belong to China. In Q1 of 2015 alone, the Shanghai Composite stock index gained 16%. And over the prior 12 months,...
By Elliott Wave International Fibonacci is the mathematical basis of the Wave Principle. You will often find that Elliott waves correct in terms of Fibonacci ratios. The following article explains what you can expect when a market...
USDCAD remains in downtrend from 1.2563, and the fall extended to as low as 1.2127. Further decline to test 1.1919 support would likely be seen, a breakdown below this level will signal resumption of the longer term...
USDJPY remains in uptrend from 75.57 (Oct 31, 2011), the fall from 125.85 is likely consolidation of the uptrend. Range trading between 120.00 and 125.85 is possible over the next several weeks. As long as 120.00 support...
AUDUSD moved sideways in a range between 0.7532 and 0.8162, the price action in the range is likely consolidation of the long term downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.7000 is still possible...
GBPUSD broke above 1.5814 resistance, indicating that the uptrend from 1.4565 has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.6500 area. Near term support is at 1.5550,...
