AUDUSD is facing the support of the rising trend line on the 4-hour chart. A breakdown below the trend line support would indicate that the upside movement from 0.6754 had completed at 0.6938 already, then further decline...
GBPUSD broke below the rising trend line on the 4-hour chart and is now facing the key support level at 1.3049. A breakdown below this level would confirm that the upside movement from 1.2768 had completed at...
EURUSD moved sideways in a trading range between 1.1103 and 1.1199. As long as the price is in the rising price channel on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...
Last week, US Dollar fell across the board after the Fed signaled it will leave policy unchanged for an extended period of time until 2021. The Fed maintained the interest rate unchanged at 1.5 – 1.75%. They...
FXE Longer Term Cycles and Elliott Wave Firstly as seen on the weekly chart shown below the instrument made a high in April 2008. There is data back to December 2005 in the ETF fund. Data correlated in...
Elliott Wave view in Nikkei (NKD_F) suggests that the Japanese Index ended wave (4) on December 3 at 22898. This is part of a bigger impulsive 5 waves rally from August 25, 2019 low (not shown on...
USDCAD extended its downside movement from 1.3327 to as low as 1.3114. Further decline is still possible after a minor consolidation and next target would be at 1.3060 area. Key resistance is at 1.3204, only break above...
USDJPY’s bounce from 108.42 extended to as high as 109.70. Further rise is still possible after a minor consolidation and next target would be at the top of the price channel on the 4-hour chart. Near term...
AUDUSD is in consolidation for the uptrend from 0.6754. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to resume, and further rise to 0.7000...
GBPUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2822. As long as the price is above the trend line, the pullback from 1.3514 could be treated as consolidation...
