USDJPY’s downward movement from 118.66 extended to as low as 108.13. Further decline could be expected after consolidation and next target would be at 106.00 area. Near term resistance is at 110.00, as long as this level...
AUDUSD remains in uptrend from 0.7158, the price action from 0.7740 is likely consolidation of the uptrend. Another rise towards 0.7800 could be expected after the consolidation. Support is now at 0.7472, only break below this level...
GBPUSD broke out the upper line of the triangle pattern, indicating that lengthier consolidation for the long term downtrend from 1.7190 (Jul 15, 2014 high) is underway. Further rise could be expected over the next several weeks,...
EURUSD is testing the resistance of the descending price channel on daily chart. As long as the pair is in the channel, the price action from 1.0340 could be treated as consolidation of the downtrend from 1.1616...
The USD/JPY pair fell slightly during the day on Friday as we continue to bang around in a consolidated area. I think given enough time, the market should then reach towards the 110 level above, and I...
The US dollar rallied against the Canadian dollar during the session on Friday, breaking above the 1.35 handle again. Ultimately, I believe that this market does go higher but it is probably going to be volatile. It...
The GBP/USD pair fell during the day on Friday but found enough support just above the 1.2750 level to continue going higher. The 200-day exponential moving average is in the area, and I believe it’s only a...
The EUR/USD pair had a volatile session as we broke below the bottom of the shooting star from the previous session which of course is a negative sign. However, I see a lot of noise just below...
The Australian dollar had a slightly positive session on Friday as we approach the 200-day exponential moving average. The 0.75 level has been support, and I do see a significant amount of resistance at the 0.76 level...
By Elliott Wave International Avi Gilburt of ElliottWaveTrader.net conducted a thoughtful interview with Bob Prechter recently. We thought you’d like to see it. ********* 1. How did you come across Elliott wave analysis? My dad subscribed to...
