USDJPY continued its downward movement from 115.50 and the fall extended to as low as 108.54. Near term resistance is at 110.00, as long as the pair is below this level, the downtrend could be expected to...
After touching 0.7490 support, AUDUSD rebounded to 0.7595, suggesting that the pair remains in uptrend from 0.7158, and the price action from 0.7740 could be treated as consolidation of the uptrend. Another rise to test 0.7778 resistance...
GBPUSD is forming a triangle pattern on daily chart. Resistance is at the upper trend line of the pattern, as long as this trend line resistance holds, sideways movement could be expected to continue and next target...
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the price action from 1.0340 is likely consolidation of the downtrend. As long as the pair is in the descending price channel on daily chart, the downtrend...
EURNZD rally this week failed as pair found sellers in 1.5355 – 1.5399 area and made new lows below 1.5149 low. With the new low seen today, pair is now showing 5 swings sequence down from 3/24 (1.5485)...
CADJPY has been moving lower since December 2016. Price is entering an area where the pair can possibly bounce and reverse higher. There are a couple bullish patterns that seem to be forming and traders need to...
Short term Elliott Wave view in Gold (XAUUSD) suggests that cycle from 4/10 low (1246.92) is unfolded as an impulse Elliott wave structure where Minutte wave ((i)) ended at 1257.2, Minutte wave (ii) ended at 1250.8, Minutte wave (iii) ended at...
By Elliott Wave International In this new interview with Steve Craig, the Editor of our Energy Pro Service, he explains that when looking across the energy complex, 2017 is playing out according to his Elliott wave script....
USDCAD broke above 1.3300 resistance, indicating that the downward movement from 1.3455 had completed at 1.3223 already. Further rise could be expected after correction and next target would be at 1.3400 area. Support levels are at 1.3275...
USDJPY remains in downtrend from 111.57 and the fall extended to as low as 108.72. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90,...
