GBPJPY had been moving inside an ascending triangle pattern on its 4-hour time frame and has just broken below support. This signals that the pair could be in for longer-term losses, possibly by around a thousand pips...
By Elliott Wave International In his Trader’s Classroom and Commodity Junctures services, master instructor Jeffrey Kennedy often uses traditional technical indicators with the Wave Principle to add confidence to his analysis. He starts with his Elliott wave...
By Elliott Wave International The Elliott Wave Principle is based on 5 core Elliott wave patterns, each having hard-and-fast rules, and a handful of guidelines. Here, our master instructor Jeffrey Kennedy gives you his tips for applying...
No changed in our view, USDCAD remains in uptrend from 1.2460, the fall from 1.3188 would possibly be correction of the uptrend. Support levels are at 1.2750 and 1.2460, as long as these levels hold, the uptrend...
USDJPY is facing 105.54 support, a breakdown below this level will indicate that the downtrend from 123.75 has resumed, then next target would be at 100.00 area. Key resistance is at 111.88, only break above this level...
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Range trading between 0.7144 and 0.7550 would likely be seen over the next several weeks. As long as 0.7550 resistance holds,...
GBPUSD moved sideways in a trading range between 1.4332 and 1.4769. The price action in the range is likely consolidation of the uptrend from 1.3835, one more rise to 1.5000 area to complete to upward movement is...
Being contained by the bottom of the upward price channel on daily chart, EURUSD rebounded from 1.1097, indicating that the pair remains in uptrend from 1.0517. Further rise could be expected in a couple of weeks, and...
The USD/JPY pair fell significantly during the course of the day on Friday, breaking below the 106 level. We closed at the very bottom of the range and therefore I think that we should get continuation to...
The USD/CAD pair fell significantly during the course of the session on Friday, as the jobs number coming out of America was horrific. We ended up only adding 38,000 jobs during the month of May, and that...
