AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795. Further decline could be expected over the next several days, and next target would be at 0.8000 area. Near term resistance...
GBPUSD continued its sideways movement in a range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6182 (Oct 28 high). Further decline could...
EURUSD continued its sideways movement in a range between 1.2247 and 1.2599. As long as 1.2599 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.2867 (Oct 15 high), another fall to...
By Elliott Wave International You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there...
USDCAD stays above the rising trend line on daily chart, and remains in uptrend from 1.0619. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
USDCHF broke below the bottom of the price channel on daily chart, indicating that consolidation of the uptrend from 0.8703 is underway. Deeper decline would likely be seen, and the target would be at 0.9500 area. As...
USDJPY remains in uptrend from 101.06, the fall from 121.84 is likely consolidation of the uptrend. Near term support is at the lower line of the price channel on daily chart, as long as the channel support...
AUDUSD’s downward movement from 0.9504 extended to as low as 0.8214. 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 stays below the downward trend line on daily chart, and remains in downtrend from 1.7190, the rise from 1.5541 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
EURUSD broke above the upper line of the price channel on daily chart, indicating that consolidation of the downtrend from 1.3993 is underway. Range trading between 1.2247 and 1.2599 would likely be seen in a couple of...
