EURUSD broke below 1.1261 support, further decline to test 1.1097 support could be seen, a breakdown below this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following downward movement...
By Elliott Wave International Editor’s note: This article is excerpted from The State of the Global Markets Report — 2015 Edition, a publication of Elliott Wave International, the world’s largest financial forecasting firm. Data is updated to...
USDCAD is facing 1.2352 support again, a breakdown below this level will bring price to 1.2200 area. However, as long as 1.2352 support holds, the price action from 1.2797 could be treated as consolidation of the uptrend...
USDJPY is in downtrend from 120.47, the bounce from 118.23 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and the target would be at 116.50 area. Support is at 118.23, a breakdown...
AUDUSD broke above 0.7875 resistance, indicating that lengthier consolidation of the downtrend from 0.8294 is underway. Further rise could be expected, and the target would be at 0.8000 area. On the downside, a clear break below the...
GBPUSD’s upward movement from 1.4950 extended to as high as 1.5551. Further rise could be expected, and next target would be at 1.5650 area. Support is located at the upward trend line on 4-hour chart, only a...
EURUSD continued its sideways movement in a range between 1.1261 and 1.1450. The price action in the range is likely consolidation of the downtrend from 1.1534, further decline to test 1.1097 support is possible after consolidation.
USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2797. As long as 1.2352 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191 (Nov 21,...
USDJPY remains in downtrend from 120.47, the bounce from 118.23 could be treated as consolidation of the downtrend. Another fall to 116.50 area could be expected after consolidation, and a breakdown below 118.23 support could signal resumption...
AUDUSD failed to break above 0.7875 resistance, and stayed in the trading range between 0.7625 and 0.7875. Another fall to test 0.7625 support would likely be seen, a breakdown below this level will signal resumption of the...
