GBPUSD’s downward movement from 1.6182 extended to as low as 1.5592. The downtrend could be expected to continue after a minor consolidation, and next target would be at 1.5500 area. Near term resistance is at 1.5755, and...
EURUSD broke above 1.2508 resistance, indicating that the downtrend from 1.2867 had completed at 1.2358 already. Further rally would likely be seen, and next target would be at 1.2600 – 1.2650 area. Support is at 1.2358, only...
By Elliott Wave International The following article was adapted with permission from the November 2014 issue of The Elliott Wave Financial Forecast, a publication from Elliott Wave International, the world’s largest market forecasting firm. Follow this link...
USDCAD remains in uptrend from 1.0619, the fall from 1.1466 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on daily chart, as long as the channel support holds,...
USDCHF remains in uptrend from 0.8703, the fall from 0.9741 is likely consolidation o f the uptrend. Support is located as the bottom of the price channel on daily chart, as long as the channel support holds,...
USDJPY continued its upward movement from 101.06, and the rise extended to as high as 116.82. Further rise could be expected after a minor consolidation, and next target would be at 120.00 area. Support is at 113.50,...
AUDUSD moved sideways in a trading range between 0.8540 and 0.8910. The price action in the range is likely consolidation of the downtrend from 0.9504, as long as 0.8910 resistance holds, the downtrend could be expected to...
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190, and the fall extended to as low as 1.5592. As long as the trend line resistance holds, the downtrend could be...
EURUSD remains in downtrend from 1.3993, the rise from 1.2357 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on daily chart. As long as the channel resistance holds, the...
USDCAD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.1466 had completed at 1.1281 already. Further rise to test 1.1466 resistance could be seen, a break above this level will signal...
