GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524, and the fall extended to as low as 1.6112. Deeper decline to test 1.6051 support would likely be seen, a breakdown...
EURUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.2994 had completed at 1.2570 already. Further rally would likely be seen in a couple of days, and next...
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USDCAD broke below 1.1130 support, indicating that the uptrend from 1.0886 had completed at 1.1222 already. Deeper decline could be expected, and the target would be at 1.0980 area. Resistance is at 1.1145, only break above this...
USDCHF remains in uptrend from 0.9300, the fall from 0.9596 is likely consolidation of the uptrend. Support is at 0.9485, as long as this level holds, the uptrend could be expected to continue, and next target would...
USDJPY is facing 108.24 support, a breakdown below this level will signal completion of the uptrend from 101.50, then deeper decline to 107.00 area could be seen. On the upside, as long as 108.24 support holds, the...
AUDUSD broke above the resistance of the downward trend line on 4-hour chart, indicating that the downtrend from 0.9401 had completed at 0.8663 already, range trading between 0.8663 and 1.8870 would likely be seen over the next...
GBPUSD remains in downtrend from 1.6524, deeper decline is still possible and next target would be at 1.6100 area. Resistance is at 1.6290, only break above this level will indicate that the downtrend had completed at 1.6161...
EURUSD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will signal completion of the uptrend from 1.2994, then further rise to 1.2900 area...
By Elliott Wave International It’s happened. The one economic comparison Europe has dreaded more than any other; the name that’s akin to Lord Voldemort for investors has been uttered: “deflation.” And it’s not just “deflation.” You can...