USDJPY broke below 101.77 support and continued its downward movement from 104.92, and the fall extended to as low as 100.77. Further decline could be expected and next target would be at 99.00 area. Resistance is at...
AUDUSD continues its sideways movement in a range between 0.8660 and 0.8887. As long as 0.8887 resistance holds, the downtrend from 0.9085 could be expected to resume, and another fall to 0.8500 area is still possible. Only...
GBPUSD broke below the lower line of the price channel on 4-hour chart, indicating that the uptrend from 1.5854 (Nov 12, 2013 low) had completed. The pair is now in downtrend from 1.6668, further decline could be...
EURUSD remains in downtrend from 1.3739, the rise from 1.3477 could be treated as consolidation of the downtrend. Resistance is at 1.3570, as long as this level holds, the downtrend could be expected to continue, and next...
By Elliott Wave International EWI’s president Bob Prechter has been warning about the safety of the U.S. banking system for a while. Enjoy this excerpt from a new article by Terry Burnham, a former Harvard economics professor,...
The bottom of USD/CHF’s channel held last week, as risk aversion was still present in the trading markets. The pair is currently moving towards the middle of the channel, which might act as medium-term resistance. Take note...
USDCAD’s upward movement from 1.0588 extended to as high as 1.1224. Initial support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected...
USDCHF’s upward movement from 0.8903 extended to as high as 0.9079. Further rise is still possible, and next target would be at 0.9135 area. Support is at 0.9000, only break below this level could trigger another fall...
USDJPY continues its sideways movement in a range between 101.77 and 103.44. Key resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend from...
AUDUSD moved sideways in a range between 0.8660 and 0.8887. Key resistance is at 0.8887, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.9085,...
