GBPUSD failed to break below the bottom of the price channel on 4-hour chart and rebounded from 1.2831, indicating that the pair remains in the uptrend from 1.2365. Further rise could be expected and next target would...
After consolidation, EURUSD broke out of 1.0950 resistance and continued its bullish movement from 1.0569. Near term support is at 1.0900, as long as this level holds, the bullish move could be expected to continue, and next...
Revised Elliott Wave view in NZDUSD suggests the decline from 3/21 high (0.709) is unfolding as a triple three Elliott Wave structure where Minute wave ((w)) ended at 0.6905, Minute wave ((x)) ended at 0.7053, Minute wave ((y)) ended...
GBPUSD recently broke past its range resistance around the 1.2700 handle and found resistance at 1.2950. Price could be making a pullback to the broken resistance, and applying the Fib tool on the daily swing low and...
USDCAD stays in a ascending price channel on 4-hour chart and remains in uptrend from 1.3223. As long as the pair is in the channel, the fall from 1.3757 could be treated as consolidation of the uptrend,...
USDJPY’s bullish movement from 108.13 extended to as high as 112.89. As long as the pair is in the ascending price channel on 4-hour chart, the bullish move could be expected to continue, and next target would...
AUDUSD’s downward movement from 0.7610 extended to as low as 0.7414. Further decline is still possible and next target would be at 0.7300 area. Near term resistance is at 0.7465 and the key resistance is located at...
GBPUSD broke below 1.2864 support, indicating that the short term uptrend from 1.2756 had completed at 1.2965 already. Deeper decline could be seen in a couple of days, and next target would be at the bottom of...
EURUSD failed to break out of 1.0950 resistance and continued its sideways movement in a trading range between 1.0820 and 1.0950. As long as the 1.0820 support holds, the sideways movement could be treated as consolidation of...
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of USDCAD. In further text we’re going to explain the structure,count the swings and see how we...
