USDCAD’s downward movement from 1.1466 extended to as low as 1.1191. Further decline to test 1.1121 support could be expected. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend...
USDCHF is facing 0.9739 resistance, a break of this level will signal resumption of the uptrend from 0.9370, then the following upward movement could bring price to 1.0000 area. Support is at 0.9660, only break below this...
USDJPY remains in uptrend from 105.32, the fall from 118.97 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the...
AUDUSD failed to break below 0.8540 support, and stayed in the trading range between 0.8540 and 0.8795. Further rise to test 0.8795 resistance would likely be seen, a break of this level will signal resumption of the...
GBPUSD remains in downtrend from 1.6182, the rise from 1.5590 is likely consolidation of the downtrend. Resistance is located at the falling trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend...
EURUSD is facing 1.2358 support, a breakdown below this level will confirm that the downtrend from 1.2867 has resumed, then the following downward movement could bring price to 1.2000 area. Resistance is at 1.2450, only break above...
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. I came across this sentence in an article about gold: Nobody expects gold prices to turn up soon… Another observer...
USDCAD broke below the bottom of the price channel on daily chart, deeper decline to test 1.1121 support is possible, a breakdown below this level will signal completion of the uptrend from 1.0619, then the following downward...
USDCHF failed to break below the bottom of the price channel on daily chart, indicating that the pair remains in uptrend from 0.8703. As long as the channel support holds, the uptrend could be expected to continue,...
USDJPY’s upward movement from 101.06 extended to as high as 118.97. The uptrend could be expected to continue after a minor consolidation, and next target would be at 125.00 area. Near term support is at 115.45, only...
