AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7031. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
GBPUSD is facing the resistance of the falling price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2871 could be treated as consolidation for the downtrend from 1.3209, further decline...
EURUSD’s downside movement from 1.1095 extended to as low as 1.0865. Key resistance is at 1.0925, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.0800...
$EURGBP FX Pair Longer Term Cycles and Elliott Wave Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark...
Short term Elliott wave view in AUDUSD suggests the pair ended the cycle from January 1, 2020 high in wave (1) at 0.6658 low. Down from January 1, wave 1 ended at 0.6845 low and wave 2...
In this blog, we are going to take a look at the Elliottwave chart of EURCAD. Based on the daily chart shown below, the pair is doing a correction in wave IV right now. The correction is...
USDCAD pulled back from 1.3328, breaking below the rising trend line on the 4-hour chart. Deeper decline to test 1.3262 support would likely be seen, a breakdown below this level would indicate that the upside movement from...
USDJPY continued its sideways movement in a trading range between 109.53 and 110.02. As long as 109.53 support holds, the sideways movement could be treated as consolidation for the uptrend from 108.30, a breakout of 110.02 resistance...
AUDUSD extended its upside movement from 1.6661 to as high as 0.6737, breaking above 0.6710 resistance. Further rise would likely be seen and next target would be at 0.6760 area. Near term support is at 0.6695, a...
GBPUSD stays in a falling price channel on the 4-hour chart and remains in downtrend from 1.3209. As long as the channel resistance holds, the bounce from 1.2871 could be treated as consolidation for the downtrend, and...
