AUDUSD’s upside movement from 0.6910 extended to as high as 0.6987. Further rally is still possible after a minor consolidation and next target would be at 0.7030 area. Near term support is at 0.6965, a breakdown below...
GBPUSD broke above the resistance of the price channel on the 4-hour chart. However, the bounce from 1.2439 is likely corrective consolidation for the downtrend from 1.2783, another fall towards 1.2400 is still possible after the consolidation....
EURUSD remains in the uptrend from 1.1193, the pullback from 1.1285 is likely corrective consolidation for the uptrend. As long as 1.1225 support holds, the uptrend could be expected to resume and further rise to 1.1350 area...
USDCAD failed to break above 1.3144 resistance and stays in a trading range between 1.3036 and 1.3144. Deeper decline to test 1.3036 support would likely be seen, a breakdown below this level could trigger further downside movement...
USDJPY’s upside movement from 107.53 had completed at 108.99 already. Deeper decline would likely be seen over the next several days and next target would be at 107.70 area. Near term resistance is at 108.35, a break...
AUDUSD’s downside movement from 0.7047 had completed at 0.6910 already. Another rise towards 0.7050 could be expected over the next several days. Near term support is at 0.6950, a breakdown below this level could bring the price...
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.2783. As long as the channel resistance hods, the bounce from 1.2439 could be treated as consolidation for the downtrend,...
EURUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.1412 had completed at 1.1193 already. Further rally could be expected after a minor consolidation and next target would be...
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of XLV a health care ETF from the USA, which we presented to members at elliottwave-forecast. In which, the...
USDJPY Technical Analysis USDJPY last week signalled bulls to enter the market. Why did traders decide to “BUY” the USDJPY pair towards the end of the week for a push higher? Some speculators will say because of...
