AUDUSD’s downward movement from 0.9401 extended to as low as 0.9059. Further decline could be expected after a minor consolidation, and next target would be at 0.8900 area. Resistance is at 0.9155, as long as this level...
GBPUSD’s bounce from 1.6051 extended to as high as 1.6276, however, the bounce is likely consolidation of the downtrend from 1.7190 (Jul 15 high), as long as the trend line resistance holds, the downtrend could be expected...
EURUSD continued its sideways movement in a range between 1.2859 and 1.2987. As long as 1.2987 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3411, another fall towards 1.2500 could be...
By Elliott Wave International You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new...
USDCAD remains in uptrend from 1.0810, the fall from 1.1031 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long as the trend line support...
USDCHF remains in uptrend from 0.8997, and the rise extended to as high as 0.9395. Near term support is at 0.9314, as long as this level holds, the uptrend could be expected to continue, and next target...
USDJPY remains in uptrend from 101.50, and the rise extended to as high as 106.88. Further rise could be expected after a minor consolidation, and next target would be at 108.00 area. Near term support is at...
AUDUSD remains in downtrend from 0.9401, the rise from 0.9112 is likely consolidation of the downtrend. Resistance is at 1.9250, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the rise from 1.6051 is likely consolidation of the downtrend. Near term resistance is at 1.6235, and the key resistance is at located at he falling trend line...
EURUSD is forming a sideways consolidation in a range between 1.2859 and 1.2987. As long as 1.2987 resistance holds, the downtrend from 1.3411 could be expected to resume, and another fall towards 1.2500 is still possible. Key...
