GBPUSD remains in downtrend from 1.2615, the rise from 1.2376 is likely correction of the downtrend. As long as 1.2615 resistance holds, the downtrend could be expected to resume, and further decline to 1.2200 area is still...
EURUSD’s downward movement from 1.0905 extended to as low as 1.0650. Near term resistance is at 1.0705, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0600...
USDCAD broke below the ascending price channel on daily chart, indicating that the upward movement from 1.2968 had completed at 1.3534 already. Another fall to 1.2900 area would likely be seen over the next several weeks. Resistance...
USDJPY remains in downtrend from 115.50, the rise from 110.11 is likely consolidation of the downtrend. Resistance is at 113.00, as long as the pair is below this level, the downtrend could be expected to continue, and...
AUDUSD remains in uptrend from 0.7158, the price action from 0.7740 could be treated as consolidation of the uptrend. As long as 0.7490 support holds, the uptrend could be expected to resume, and further rise to 0.8000...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. As long as 1.2774 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500 area...
After touching the top of the price channel on daily chart, EURUSD pulled back to 1.0650, indicating that the pair remains in downtrend from 1.1616 (May 3, 2016 high), and the rise from 1.0340 could be treated...
You saw big moves in forex last year — and 2017 should be no different. Our friends at Elliott Wave International have just released a new interview with their Senior Currency Strategist, Jim Martens. In this 5-minute...
USD/JPY daily chart, April 03, 2017 The USD/JPY pair initially tried to rally during the day on Friday, but found the 100-exponential moving average too resistive to continue going higher. Because of this, I think we need...
USD/CAD daily chart, April 03, 2017 The USD/CAD pair initially tried to rally during the day but turned around and broke towards the 1.33 level underneath. The oil markets continue to show signs of strength, and that...
