GBPUSD is now in the downtrend from 1.2309, further decline would likely be seen in a couple of days and next target would be at 1.2060, followed by 1.2000. Resistance is at 1.2250, above this level could...
EURUSD broke below 1.1051 support and extended its downside movement from 1.1164 to as low as 1.1042. Deeper decline is still possible and next target would be at 1.1000 area. Resistance is at the falling trend line...
USDCAD is facing the resistance of the falling price channel on the 4-hour chart. A break of the channel resistance could signal resumption of the uptrend from 1.3015, then next target would be at 1.3400 area. On...
No changed in our view, USDJPY remains in the downtrend from 109.31, the bounce from 104.44 would possibly be consolidation for the downtrend, further decline to 104.00 area is still possible after the consolidation. Only break above...
AUDUSD formed a triangle pattern on its 4-hour chart. The triangle pattern is likely consolidation for the downtrend from 0.7081, a breakdown below the bower border of the pattern could take the price to 0.6600 area. On...
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the short term uptrend from 1.2014 had completed at 1.2309 already. Deeper decline could be expected in the coming days and next target would...
EURUSD extended its downside movement from 1.1164 to as low as 1.1073. As long as 1.1097 resistance holds, the downside movement could be expected to continue and next target would be at 1.1050 support. On the upside,...
By Elliott Wave International Elliott Wave International President Robert Prechter has noted that stock market volume is the most important indicator to watch besides price. Market volume waxes and wanes. However, there are times when volume goes...
USDCAD stays in a falling price channel on the 4-hour chart and remains in the short term downtrend from 1.3345. As long as the price is in the channel, the downside movement could be expected to continue...
USDJPY remains in the downtrend from 109.31, the bounce from 104.44 is likely consolidation for the downtrend. As long as 107.08 key resistance holds, the downside movement could be expected to resume, further decline to 104.00 area...
