USDCAD is facing 1.3849 support, a breakdown below this level could trigger further downside movement towards the rising trend line on the daily chart. Key resistance is at 1.4348, only break above this level would indicate that...
USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 111.71. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
AUDUSD is now in the uptrend from 0.5507. As long as 0.6250 support holds, the upside movement could be expected to continue and next target would be at 0.6800 area. On the downside, a breakdown below 0.6250...
GBPUSD continued its sideways movement in a trading range between 1.2160 and 1.2647. The sideways movement is likely consolidation for the uptrend from 1.1409, a breakout of 1.2647 resistance could trigger further upside movement towards the falling...
EURUSD moved sideways in a trading range between 1.0635 and 1.1147. The sideways movement is likely consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), as long as 1.1147 resistance holds, the downside movement could be...
By Elliott Wave International In case you just landed on Earth via Martian spaceship, 2020 has seen the biggest crash in oil prices ever. This chart captures crude’s three-month, 80%-plus nosedive to 3-decade lows. (Price data as...
In this blog, we are going to take a look at the Elliott Wave chart of EURJPY. The chart from 4 May London update shows that the pair ended the cycle from 29 April low at 117.78...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOOGL, published in members area of the website. As our members know, Google is trading within the...
Being contained by the falling trend line on the 4-hour chart, USDCAD pulled back from 1.4172. Further decline would likely be seen and next target would be at 1.3849 support, followed by 1.3660 area. Near term resistance...
USDJPY is in consolidation for the downtrend from 109.38. Range trading between 105.98 and 106.90 would likely be seen in a couple of days. As long as the price is below the falling trend line on the...
