AUDUSD remains in the downtrend from 0.8135, the bounce from 0.7412 is likely consolidation for the downtrend. Range trading between 0.7412 and 0.7600 would likely be seen in a couple of days. As long as 0.7600 resistance...
GBPUSD remains in the downtrend from 1.4376. Further decline would likely be seen after a minor consolidation and next target would be at 1.3100 area. Resistance is at 1.3800, only a breakout of this level could signal...
EURUSD remains in the downtrend from 1.2555, the bounce from 1.1822 is likely consolidation for the downtrend. Range trading between 1.1822 and 1.2100 is possible in a couple of weeks. As long as 1.2100 resistance holds, the...
CADJPY Short Term Elliott Wave view suggests that the decline from 4/13 peak at 85.76 to 83.87 low ended Intermediate wave (2) as a double three Elliott Wave structure. The internal subdivision of the decline from 85.76 high...
USDCAD broke below 1.2803 support, suggesting that the upside movement from 1.2526 had completed at 1.2997 already. Further decline could be expected after a corrective consolidation and next target would be at 1.2600 area. Resistance levels are...
USDJPY failed in its attempt to breakout of 110.03 and stayed in a trading range between 108.64 and 110.03, suggesting that lengthier consolidation for the uptrend from 104.63 is needed. Near term support is at the bottom...
AUDUSD is facing 0.7560 resistance. A breakout of this level would confirm that the downside movement from 0.7813 had completed at 0.7412 already, then next target would be at 0.7700 area. On the downside, as long as...
GBPUSD extended its downside movement from 1.4376 to as low as 1.3459. Key resistance is now at 1.3617. As long as this level holds, the sideways movement in a range between 1.3459 and 1.3617 could be treated...
EURUSD broke above the falling trend line on its 4-hour chart, suggesting that the downside movement from 1.2413 had completed at 1.1822 already. Further rally could be expected in the coming days and next target would be...
By Elliott Wave International Dow Theory is a time-honored market analysis tool. Its name comes from Charles H. Dow, co-founder of The Wall Street Journal. In fact, The Wall Street Journal provided a capsule summary : Dow...
