USDCAD is testing 1.2352 support, a breakdown below this level will indicate that the downtrend from 1.2797 has resumed, then deeper decline to 1.2200 area could be seen. On the other side, as long as 1.2352 support...
USDJPY remains in downtrend from 120.47. Further decline could be expected after a minor consolidation, and the target would be at 116.50 area. Key resistance is at 120.47, only break above this level will indicate that the...
AUDUSD is testing 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’s upward movement from 1.4950 extended to as high as 1.5479. Support is at 1.5315, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.5500 area. On...
EURUSD continued its sideways movement in a 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...
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. All data is as of Jan. 30, 2015. Click...
USDCAD is facing 1.2352 support, a breakdown below this level will indicate that the downtrend from 1.2797 has resumed, then deeper decline to 1.2200 area could be seen. On the other side, as long as 1.2352 support...
USDJPY remains in downtrend from 120.47, the rise from 118.23 is likely consolidation of the downtrend. Further decline would likely be seen after consolidation, and the target would be at 116.50 area. Key resistance is at 120.47,...
AUDUSD is facing 0.7875 resistance, a break of this level will indicate that lengthier consolidation of the downtrend from 0.8294 (Jan 15 high) is underway, then further rise to 0.8000 area could be seen. However, as long...
GBPUSD remains in uptrend from 1.4950, the fall from 1.5439 is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend...
