AUDUSD remains in the downtrend from 0.7295, the bounce from 0.7060 is likely consolidation for the downtrend. Further decline is still possible and next target would be at 0.7000 area. Near term resistance is at 0.7120, a...
GBPUSD extended its downside movement from 1.3217 to as low as 1.2853. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
EURUSD’s downside movement from 1.1514 extended to as low as 1.1314. Further decline is still possible after a minor consolidation and next target would be at 1.1250 area. Near term resistance is at 1.1350, a break of...
USDCAD remains in the downtrend from 1.3664, the bounce from 1.3068 is likely consolidation for the downtrend. As long as 1.3375 resistance holds, the downside movement could be expected to resume, and next target would be at...
USDJPY broke above 109.99 resistance, suggesting that the upside movement from 105.05 has resumed. Further rise could be expected in the coming days and next target would be at 112.00 area. Support is at 108.49, only a...
AUDUSD broke below 0.7075 key support, suggesting that the upside movement from 0.6765 had completed at 0.7295 already. Further decline could be expected and next target would be at 0.6900 area. Near term resistance is at 0.7180,...
GBPUSD broke below 1.2940 support, suggesting that the upside movement from 1.2396 had completed at 1.3217 already. Deeper decline could be expected in a couple of weeks, and next target would be at 1.2500 area. Resistance levels...
EURUSD continued its sideways movement in a trading range between 1.1215 and 1.1570. As long as 1.1570 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.2555 (Feb 16,...
The Energy Sector ETF, XLE, remains bullish in the near term. From the lows of $53.25 on 12/24/2018 we are charting a zigzag Elliott wave pattern. The target to the upside is $72.25 while the $61.30 low...
FTSE short-term Elliott wave view suggests that a rally from 12/27/2018 low (6536.53) is unfolding as a zigzag structure where initial rally to 7001.94 high ended wave A in 5 waves structure. Down from there, wave B...
