By Elliott Wave International In this new interview, Jeffrey Kennedy gives a trading lesson on how to use trendlines, trend channels, price gaps and other technical tools in conjunction with Elliott wave analysis. 5 Ways You...
GBPUSD has been moving sideways, finding support around 1.2365 and resistance at the 1.2500 major psychological level. Price is making its way back to support after a recent bounce from the top of the range. The...
AUDUSD’s upward movement from 0.7310 extended to as high as 0.7497. Resistance is at 0.7550, as long as this level holds, the rise would possibly be correction of the downtrend from 0.7778, another fall to 0.7200 area...
GBPUSD’s bounce from 1.2302 had completed at 1.2531 already. The subsequent fall is likely resumption of the downtrend from 1.2673. Further decline would likely be seen over the next several days, and the target would be at...
EURUSD broke above 1.0657 resistance, indicating that the downtrend from 1.1299 had completed at 1.0518 already. Further rally is possible in a couple of days, and the target would be at 1.0800 area. Resistance is now at...
USDJPY is trending higher on its 1-hour chart, moving above an ascending trend line connecting the latest lows of price action. Price is currently testing this support area, which lines up with the 61.8% Fibonacci retracement level...
USDCAD remains in downtrend from 1.3588, the rise from 1.3377 is likely consolidation of the downtrend. Another fall to 1.3250 area to complete the downward movement is possible.
USDJPY broke below the upward trend line on 4-hour chart, indicating that consolidation of the uptrend from 101.18 is underway. Range trading between 109.00 and 113.89 would likely be seen over the next several days. Support is...
AUDUSD broke above 0.7444 resistance, indicating that the downtrend from 0.7778 had completed at 0.7310 already. Range trading between 0.7310 and 0.7500 is possible over the next several days. Resistance is at 0.7500, as long as this...
GBPUSD remains in downtrend from 1.2673, the rise from 1.2302 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.2000 area.
