AUDUSD’s downward movement from 0.9085 extended to as low as 0.8660. Resistance is located at the downward trend line on 4-hour chart, as long as this trend line resistance holds, the downtrend could be expected to continue,...
Being contained by the upper line of the price channel on 4-hour chart, GBPUSD pulled back to 1.6474, suggesting that the upward movement from 1.6309 had completed at 1.6668 already, and consolidation of the longer term uptrend...
EURUSD broke above 1.3699 resistance, indicating that the downward movement from 1.3892 had completed at 1.3507 already. Now the pair is in uptrend from 1.3507, further rise could be expected, and next target would be at 1.3800...
USDCAD’s upward movement from 1.0182 extended to as high as 1.1173. Further rise could be expected after a minor consolidation, and next target would be at 1.1500 area. Initial support is at 1.1000, and the key support...
Being contained by the upper line of the price channel on daily chart, USDCHF dropped down from 0.9156. The fall would possibly be resumption of the downtrend from 0.9751. Further decline to test 0.8799 previous low support...
USDJPY broke below 102.85 support, suggesting that the uptrend from 96.57 had completed at 105.44 already. Further decline would likely be seen over the next several weeks, and the target would be at 95.00 area. Key resistance...
AUDUSD’s downward movement from 0.9756 extended to as low as 0.8660. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to continue,...
GBPUSD’s upward movement from 1.5854 extended to as high as 1.6668. Support is now located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to...
EURUSD is in consolidation of the uptrend from 1.2747 (Apr 4, 2013 low). The sideways movement in the range between 1.3296 and 1.3892 could be expected to continue over the next several weeks, and one more fall...
By Elliott Wave International On January 24, the DJIA, S&P and NASDAQ all lost close to two percent. On a day like that, it’s worth talking about the one indicator they don’t often mention on financial networks...
