USDJPY failed to break above the top of the falling price channel on the 4-hour chart and pulled back from 107.49, suggesting that the pair remains in the downtrend from 109.38. Further decline would likely be seen...
AUDUSD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 0.5507 had completed at 0.6569 already. Further decline would likely be seen and next target would be at 0.6300 area....
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2246 had completed at 1.2642 already. Deeper decline would likely be seen and next target would be at 1.2200 area....
EURUSD extended its upside movement from 1.0727 to as high as 1.1018, breaking above 1.0990 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected...
USDCAD moved sideways in a trading range between 1.3849 and 1.4348. Another fall towards the rising trend line on the daily chart would likely be seen after the sideways movement. Resistance is at 1.4348, only break above...
USDJPY extended its downside movement from 111.71 to as low as 106.35, breaking below 106.90 support. Deeper decline is still possible and next target would be at 104.00 area. Near term resistance is at 108.10, only break...
AUDUSD broke above the falling trend line on the daily chart. Further rally would likely be seen after consolidation and next target would be at 0.6800 area. Key support is at 0.6250, only break below this level...
GBPUSD failed to break above 1.2647 resistance and stayed in a trading range between 1.2160 and 1.2647. As long as 1.2160 support holds, the uptrend from 1.1409 could be expected to resume, and further rise towards the...
EURUSD broke above the falling trend line on the daily chart and continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as...
By Elliott Wave International Related financial markets tend to move together. For example, gold and silver. Or, consider stocks. When the Dow Industrials are up on a given trading day, the NASDAQ is usually in the green...
