After touching the downward trend line on 4-hour chart, GBPUSD dropped down from 1.6643, indicating that the pair remains in downtrend from 1.7190. Deeper decline to test 1.6536 support would likely be seen, a breakdown below this...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
USDCAD’s downward movement from 1.0997 had completed at 1.0810 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and next target would be at 1.0950 area. Support levels are at...
After consolidation, USDCHF broke above 0.9184 resistance and continued its upward movement from 0.8997, and the rise extended to as high as 0.9194. Further rise could be expected over the next several days, and next target would...
USDJPY is facing 104.26 resistance, above this level will signal resumption of the uptrend from 101.50, then next target would be at 105.00 area. Key support is at 103.49, only break below this level could signal completion...
AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 0.9373 could be treated as consolidation of the uptrend from 0.9237, another rise...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, the bounce from 1.6536 could be treated as consolidation of the downtrend. Another...
EURUSD’s downward movement from 1.3411 extended to as low as 1.3121. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected...
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 1.0619, the price action from 1.0985 is likely consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and another rise...
