GBPUSD is facing 1.5479 resistance, a break of this level will signal resumption of the uptrend from 1.4950, then next target would be at 1.5500 area. Support is at 1.5315, only break below this level will indicate...
EURUSD stayed in the trading range between 1.1261 and 1.1534. Another fall to test 1.1261 support is possible, a breakdown below this level will signal resumption of the downtrend from 1.2569 (Dec 16, 2014 high), then next...
USDCAD continued its sideways movement 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, 2014...
USDJPY remains in downtrend from 120.47, the bounce from 118.23 could be treated as consolidation of the downtrend. Another fall to test 118.23 support could be expected, a breakdown below this level could signal resumption of the...
AUDUSD is facing 0.7875 resistance, as long as this level holds, the price action in the trading range between 0.7625 and 0.7875 could be treated as consolidation of the downtrend from 0.8294 (Jan 15 high), another fall...
GBPUSD moved sideways in a trading range between 1.5315 and 1.5479. As long as 1.5315 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4950, and further rise to...
EURUSD failed to break below 1.1261 support, and stayed in the trading range between 1.1261 and 1.1534. Another fall to test 1.1261 support would likely be seen, a breakdown below this level will signal resumption of the...
By Elliott Wave International Editor’s note: This article was adapted, with permission, from the February issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International, the world’s largest market forecasting firm. All data is...
By Elliott Wave International Editor’s note: This article was adapted, with permission, from the February issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International, the world’s largest market forecasting firm. All data is...
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0619 (Jul 3, 2014 low), the fall from 1.2797 is likely consolidation of the uptrend. Deeper decline to 1.2250 area to complete...
