No changed in our view, USDJPY remains in the downtrend from 109.31, as long as 107.08 resistance holds, the price action from 105.52 is likely consolidation for the downtrend. Further decline is possible after the consolidation and...
AUDUSD broke above 0.6805 resistance, suggesting that the downside movement from 0.7081 had completed at 0.6677 already. Further rally could be expected and next target would be at 0.6867 resistance. Near term support is at 0.6770, below...
GBPUSD stays in a trading range between between 1.2077 and 1.2249. Key resistance is at 1.2249, as long as this level holds, the sideways movement could be treated as consolidation for the downtrend from 1.2578, further decline...
EURUSD continued its sideways movement in a trading range between 1.1167 and 1.1249. The sideways movement is likely consolidation for the uptrend from 1.1026. As long as 1.1167 support holds, the upside movement could be expected to...
USDCAD’s upside movement from 1.3015 extended to as high as 1.3344. Further rise is still possible after a minor consolidation and next target would be at 1.3400 area. Near term support is at 1.3280, a breakdown below...
USDJPY remains in the downtrend from 109.31, the price action from 105.52 is likely consolidation for the downtrend. As long as 107.08 resistance holds, the downside movement could be expected to resume, further decline to 105.00 area...
AUDUSD remains in the downtrend from 0.7081, as long as 0.6805 resistance holds, the bounce from 0.6677 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would...
GBPUSD continued its sideways movement in a trading range between 1.2077 and 1.2249. As long as 1.2249 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.2578, another...
EURUSD moved sideways in a trading range between 1.1167 and 1.1249. As long as 1.1167 support holds, the upside movement could be expected to continue and next target would be at 1.1300 area. On the downside, a...
By Elliott Wave International As mainstream experts struggled to see the direction in gold, Elliott wave analysis saw a clear, bullish triangle. Then, gold prices rocketed to six-year highs! A common misconception of trading is that the...
