Palladium ended a cycle from January 2016 low (452.63) and the pull back should be a Palladium Buying Opportunity. Rally from January 2016 low can be counted as an Elliott Wave Impulse when rally to 776 completed wave ((1)),...
GBPUSD short-term Elliott Wave view suggests that the recovery to 1.3473 on 6/07/2018 peak ended primary wave ((B)) bounce as double three structure. Below from there, the pair has managed to break below the previous low on 5/29 (1.3203) to...
USDCAD’s upside movement from 1.2856 extended to as high as 1.3321. Further rise is still possible after a minor consolidation and next target would be at 1.3400 area. Support is at 1.3240, a breakdown below this level...
USDJPY’s bounce from 109.55 extended to as high as 110.64. Further rise to test 110.90 resistance is possible. A breakout of this level would indicate that the upside movement from 108.11 has resumed, then next target would...
No changed in our view, AUDUSD remains in the downtrend from 0.7676, the bounce from 0.7347 is likely consolidation for the downtrend. Resistance is now at the top of the price channel on the 4-hour chart. As...
GBPUSD remains in the downtrend from 1.3472, the bounce from 1.3146 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and a breakdown below 1.3146 support could trigger further downside movement to...
EURUSD moved sideways above 1.1510 support. The sideways movement is likely consolidation for the downtrend from 1.1851. A breakdown below this support level could trigger further downside movement towards 1.3000. Resistance is at 1.1670, only a breakout...
NZDUSD short-term Elliott Wave view suggests that the bounce to 0.7060 high ended intermediate wave (4). Down from there, the decline is unfolding as Impulse Elliott Wave structure where sub-division of Minute wave ((i)), ((iii)) & ((v)) are unfolding in...
By Elliott Wave International Every week, our Currency Pro Service editor, Jim Martens, records a new video focusing on EURUSD, USDJPY and other markets. Learn why “the next day or two” should determine the next move in...
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