USDCAD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.0960 is underway. Range trading between 1.0626 and 1.0710 is possible in a couple of days. Resistance is at 1.0710,...
USDCHF remains in downtrend from 0.9012, the rise from 0.8855 is likely consolidation of the downtrend. Resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could...
USDJPY broke above 101.85 resistance, indicating that the downtrend from 102.79 had completed at 101.23 already. Further rise could be expected, and next target would be at 102.50 area. Support is at 101.23, only break below this...
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.9208 had completed at 0.9504 already. Further decline could be expected, and next target would be at 0.9250 area. Resistance levels are...
GBPUSD remains in uptrend from 1.6692, and the rise extended to as high as 1.7176. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the...
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.3512, the fall from 1.3700 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...
By Mark Galasiewski, editor of Elliott Wave International’s monthly Asian-Pacific Financial Forecast We have for many years observed a relationship between extremism and bear markets in the stock markets of Muslim nations. For example, this chart shows...
USDCAD remains in downtrend from 1.0960, and the fall extended to as low as 1.0628. Near term resistance is located at the falling trend line on 4-hour chart. As long as the trend line resistance holds, the...
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9012. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
USDJPY’s bounce from 101.23 extended to as high as 101.64. As long as 101.85 resistance holds, the bounce could be treated as consolidation of the downtrend from 102.79, another fall to 100.90 area is still possible after...
