EURUSD is in short term downtrend from 1.1052. Deeper decline to test 1.0462 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 1.3993 (May 8, 2014 high)....
USDCAD failed to break below 1.2352 key support and rebounded from 1.2410, indicating that the downward movement from 1.2835 is complete. Further rise to test 1.2835 resistance would likely be seen, a break of this level will...
USDJPY’s downward movement from 1.2202 extended to as low as 118.33. Further decline would likely be seen after a minor consolidation, and next target would be at 117.00 area. Resistance is at 120.50, only break above this...
After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that sideways movement in the trading range is underway. Deeper decline to test 0.7560 support would likely be seen, a breakdown...
GBPUSD is in uptrend from 1.4634. Further rise would likely be seen, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support...
EURUSD failed to break above 1.1045 resistance, and stayed in the trading range between 1.0462 and 1.1045, indicating that sideways movement in the range is underway. Further decline to test 1.0462 support would likely be seen, a...
By Elliott Wave International Lots of media stories say the Federal Reserve is weighing signs of economic strength to see if the economy is ripe for higher interest rates. In truth, economic weakness has appeared on various...
USDCAD remains in uptrend from 1.0619 (Jul 3, 2014 low), the sideways movement in the range between 1.2351 and 1.2835 is likely consolidation of the uptrend. Key support is at 1.2351, as long as this level holds,...
USDJPY remains in uptrend from 101.06 (Jul 10, 2014 low), the sideways movement in the range between 115.56 and 122.02 could be treated as consolidation of the uptrend. Support is at 115.56, as long as this level...
After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the price action in the trading range could...
