GBPUSD is now in downtrend from 1.7190, and the fall extended to as low as 1.6560. Further decline could be expected over the next several weeks, and next target would be at 1.6000 area. Resistance is at...
EURUSD’s downward movement from 1.3993 extended to as low as 1.3220. Further decline is still possible over the next several weeks, and next target would be at 1.3000 area. Resistance is located at the downward trend line...
USDCAD broke above 1.0940 resistance, indicating that the downward movement from 1.0985 had completed at 1.0860 already. Further rise to test 1.0985 resistance is possible, a break above this level could trigger another rise towards 1.1500. On...
USDCHF broke above the upper line of the price channel on 4-hour chart, indicating that the fall from 0.9114 had completed at 0.8997 already. Further rise could be expected, and next target would be at 0.9200 area....
USDJPY continued its upward movement from 101.50, and is now facing 103.08 resistance, a break above this level will target 104.00 area. Support is now at 102.50, only break below this level will indicate that the uptrend...
AUDUSD failed to break above 0.9373 resistance, and pulled back from 0.9343, indicating that the uptrend from 0.9238 had completed. Further decline would likely be seen, and next target would be at 0.9250 area. Resistance is at...
GBPUSD broke below 1.6657 support, indicating that the downtrend from 1.7190 has resumed. Further decline could be expected, and next target would be at 1.6500 area. Resistance is located at the downward trend line on 4-hour chart,...
EURUSD broke below 1.3333 support, and continued its downward movement from 1.3700, and the fall extended to as low as 1.3313. Further decline could be expected over the next several days, and next target would be at...
By Elliott Wave International A moving average (MA) is one of the simplest technical tools an analyst or trader can use. The most common one is the simple moving average (SMA). A 200-period SMA often determines trend,...
USDCAD is in downtrend from 1.0985. Further decline would likely be seen after a minor consolidation, and next target would be at 1.0800 area. Resistance levels are at 1.0940 and 1.0985, only break above these levels could...
