GBPUSD is now in the downtrend from 1.2783, further decline is still possible after consolidation and next target would be at 1.2550 area. Resistance is at 1.2783, only break above this level could trigger another rise to...
EURUSD is now in the downtrend from 1.1412, further decline could be expected after consolidation and next target would be at 1.1280 area. Resistance is at 1.1412, only break above this level could trigger another rise towards...
By Elliott Wave International We have tracked the U.S. Federal Reserve’s interest rates decisions for years. In December, we wrote an article titled “Interest Rates Win Again as Fed Follows the Market,” where we observed that although...
USDCAD continues its sideways movement in a trading range between 1.3150 and 1.3228. As long as 1.3228 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3432, a breakdown below 1.3150 support...
USDJPY extended its downside movement from 108.80 to as low as 106.77. As long as 107.73 resistance holds, the bounce from 106.77 could be treated as consolidation for the downtrend from 108.80, further decline to 106.00 is...
AUDUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 0.6831. As long as the channel support holds, the upside movement could be expected to continue and next target would...
GBPUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2505 had completed at 1.2783 already. Further decline could be expected over the next several days and next target would...
EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1181 had completed at 1.1412 already. Range trading between 1.1280 and 1.1412 would likely be seen over the next several...
USDCAD moved sideways in a trading range between 1.3150 and 1.3228. As long as 1.3228 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.3432, further decline to 1.3100...
USDJPY broke below 107.04 support, suggesting that the downtrend from 108.80 has resumed. Further decline could be expected in the coming days and next target would be at 106.50 area. Key resistance is at 107.73, only break...
