EURUSD moved sideways in a trading range between 1.2859 and 1.2987. Key resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the price action in the range...
By Elliott Wave International You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new...
GBPUSD is currently testing a key area of interest as seen on its daily time frame, which could mean that the recent selloff could reverse. Stochastic is starting to move up from the oversold zone, indicating that...
USDCAD continued its upward movement from 1.0810, and the rise extended to as high as 1.1097. Further rise could be expected after a minor consolidation, and next target would be at 1.1200 area. Support is at 1.1030,...
USDCHF is in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Near term support is at 0.9314, as long as this level holds, the uptrend could be expected to resume, and next...
USDJPY remains in uptrend from 101.50, and the rise extended to as high as 107.39. Further rise could be expected after a minor consolidation, and next target would be at 109.00 area. Support levels are at 106.85...
AUDUSD continued its downward movement from 0.9401, and the fall extended to as low as 0,.8998. Further decline could be expected after a minor consolidation, and next target would be at 0.8800 area. Resistance levels are at...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190 (Jul 15 high), the rise from 1.6051 is likely consolidation of the downtrend. Key resistance is located at the trend line,...
EURUSD remains in downtrend from 1.3411, the rise from 1.2859 is likely consolidation of the downtrend. Near term resistance is at 1.2987, as long as this level holds, the downtrend could be expected to resume, and another...
USDCAD’s upward movement extended to as high as 1.1097. Further rise to test 1.1278 resistance would likely be seen next week, a break of this level will indicate that the uptrend from 0.9632 (Sept 14, 2012 low)...
