EURUSD failed to break above the upper line of the price channel on daily chart, indicating that the pair remains in downtrend from 1.3993. As long as the channel resistance holds, the downtrend could be expected to...
After touching the downward trend line on 4-hour chart, USDCAD pulled back from 1.1369, indicating that the pair remains in downtrend from 1.1466. Further decline would likely be seen, and next target would be at 1.1200 area....
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9739, the rise from 0.9531 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 105.32, the fall from 118.97 is likely conolidation of the uptrend. Support is at the bottom of the channel, as long as...
AUDUSD is facing 0.8540 support, a breakdown below this level will indicate that the downtrend from 0.8910 has resumed, then next target would be at 0.8400 area. Resistance is at 0.8670, as long as this level holds,...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6182, and the rise from 1.5590 could be treated as consolidation of the downtrend. Resistance is at the downward trend line on...
EURUSD remains in uptrend from 1.2358, the fall from 1.2599 could be treated as consolidation of the downtrend. Support is located at the rising trend line on 4-hour chart. As long as the trend line support holds,...
By Elliott Wave International For the economies of Europe, the past few months have felt like one long ice-bucket challenge that never ends: A perpetual state of shock induced by the bone-chilling fact that deflation “…has become...
USDCAD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will signal completion of the downtrend from 1.1466, then the following upward movement could bring price...
USDCHF’s downward movement from 0.9739 extended to as low as 0.9531. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.9500 area. Resistance is located...
