By Elliott Wave International Many investors heed every utterance from the Federal Reserve, hoping they hear a clue about interest rates. They assume that a fall in interest rates means higher stock prices, while rising rates will...
USDCAD remains in the uptrend from 1.3035, the pullback from 1.3205 is likely consolidation for the uptrend. As long as 1.3117 support holds, the uptrend could be expected to continue and next target would be at 1.3250...
USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 110.28 had completed at 108.73 already. Further rally could be expected in a couple of days and next target would be...
AUDUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 0.6933. As long as the trend line resistance holds, the bounce from 0.6736 could be treated as consolidation for the...
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2954 had completed at 1.3173 already. Further decline would likely be seen in the coming days and...
EURUSD extended its downside movement from 1.1172 to as low as 1.0997. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.0997 could be treated as consolidation for...
Short term Elliott wave view in CADJPY suggests that the rally from August 25, 2019 low ended 5 waves as a Leading diagonal structure at 84.57 high. Down from there, the pair is correcting that cycle in...
USDCAD broke above 1.3171 resistance and extended its upside movement from 1.3035 to as high as 1.3199. The upside movement could be expected to continue in a couple of days and next target would be at 1.3250...
USDJPY stays below a falling trend line on the 4-hour chart and remains in the downtrend from 110.28. Further decline would likely be seen after a minor consolidation and next target would be at 107.40 area. On...
AUDUSD’s downside movement from 0.6933 extended to as low as 0.6746. Further decline could be expected after a minor consolidation and next target would be at 0.6700 area. Near term resistance is at 0.6780, above this level...
