EURUSD failed to break below 1.1508 support and moved sideways in a trading range between 1.1508 and 1.1720. As long as 1.1720 resistance holds, the sideways movement could be expected to continue in a couple of days....
USDCAD broke below 1.3180 support, suggesting that the upside movement from 1.2526 had completed at 1.3385 already. Further decline would likely be seen in a couple of weeks and next target would be at 1.2850 area. Below...
USDJPY is facing 111.39 resistance. A breakout of this level could signal resumption of the uptrend from 104.63, then next target would be at 113.00 area. On the downside, a breakdown below 108.11 support would indicate that...
AUDUSD’s downside movement from 0.8135 extended to as low as 0.7322. Near term resistance is at 0.7443, as long as this level holds, the downside movement could be expected to continue and next target would be at...
GBPUSD’s downside movement from 1.4376 extended to as low as 1.3049. Near term resistance is at the top trend line of the price channel on the daily chart. As long as the channel resistance holds, the downside...
EURUSD continued its sideways movement in a trading range between 1.1508 and 1.1851. As long as 1.1851 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2555 and a breakdown below 1.1508...
By Elliott Wave International You may have heard pundits on financial television say something like, “I see support for the Dow at this price level,” or “This stock should experience some resistance at that price level.” So,...
USDCAD broke below 1.3259 support, suggesting that the upside movement from 1.2856 had completed at 1.3385 already. Deeper decline could be expected in the coming days and next target would be at 1.3100 area. Resistance levels are...
USDJPY broke above the top trend line of the price channel on the 4-hour chart, suggesting that the uptrend from 108.11 has resumed. Further rise could be expected and next target would be at 111.00 area. Support...
AUDUSD’s downside movement from 0.7676 extended to as low as 0.7322. Further decline could be expected after a minor consolidation and next target would be at 0.7200 area. Resistance is now at 0.7375, a breakout of this...
