USDJPY continued its sideways movement in a range between 115.56 and 121.84. As long as 115.56 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.06 (Jul 10, 2014...
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504 (Jul 1, 2014 high). As long as the trend line resistance holds, the rise from 0.7625 could be treated as consolidation...
GBPUSD’s rise from 1.4950 extended to as high as 1.5479. Further rise could be expected, and the target would be at 1.5700 area. Support levels are at 1.5180 and 1.4950, only break below these levels could trigger...
EURUSD moved sideways in a range between 1.1097 and 1.1533. Near term resistance is at 1.1533, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from...
USDCAD failed to break below 1.2352 support, and stayed in the trading 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...
No changed in our view, USDJPY remains in downtrend from 120.47, the rise 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. Key...
AUDUSD stayed in the trading range between 0.7625 and 0.7875. As long as 0.7875 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.8294 (Jan 15 high), another fall...
GBPUSD remains in uptrend from 1.4950, the fall from 1.5479 is likely consolidation of the uptrend. Support is at 1.5315, as long as this level holds, the uptrend could be expected to continue, and next target would...
EURUSD moved sideways in a narrow range between 1.1261 and 1.1534. Support is at 1.1261, a breakdown below this level will signal resumption of the downtrend from 1.2569 (Dec 16, 2014 high), then the following downward movement...
By Elliott Wave International As the euro clings to the guardrail of a 7- (no, wait) 9- (Doh! there it goes again) now 11-year low, debate over the future of the eurozone’s currency rages on. And in...
