USDCHF remains in uptrend from 0.9553, and the rise extended to as high as 1.0216. Further rise could be expected after a minor consolidation, and next target would be at 1.0300 area. Support levels are at 1.0115...
USDJPY remains in uptrend from 115.56, the fall from 120.82 could be treated as consolidation of the uptrend. Support is at 118.05, as long as this level holds, the uptrend could be expected to resume, and next...
AUDUSD continued its sideways movement in a range between 0.8032 and 0.8214. As long as 0.8214 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.8795 (Nov 17, 2014...
GBPUSD’s downward movement from 1.5785 extended to as low as 1.5034. Further decline could be expected, and next target would be at 1.4900 area. Resistance levels are at 1.5170 and 1.5300, only break above these levels could...
EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.1754. Further decline could be expected after a minor consolidation, and next target would be at 1.1500 area. Resistance levels are at 1.1880...
By Elliott Wave International Today’s lesson considers three ways to identify price support and resistance in the markets you trade. Previous highs and lows Trendline support Fibonacci Ratios These examples are adapted from Jeffrey Kennedy’s Trader’s Classroom...
USDCAD’s upward movement from 1.1156 extended to as high as 1.1873. Further rise could be expected, and next target would be at 1.2000 area. Support is at 1.1730, only break below this level will indicate that the...
USDCHF’s upward movement from 0.9553 extended to as high as 1.0175. Further rise could be expected, and next target would be at 1.0300 area. Support is at 1.0000, only break below this level could signal completion of...
USDJPY moved sideways in a trading range between 118.05 and 120.82. As long as 118.05 support holds, the price action in the range could be treated as consolidation of the uptrend. Resistance is at 120.82, a break...
AUDUSD remains in downtrend from 0.8795 (Nov 17, 2014 high), the price action in the trading range between 0.8035 and 0.8214 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and...
