GBPUSD is now in downtrend from 1.7190. Further decline would likely be seen and next target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only break above these levels could trigger another rise...
EURUSD remains in downtrend from 1.3700, the rise from 1.3490 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds,...
By Elliott Wave International Elliott Wave International’s Senior Currency Strategist Jim Martens recorded this 18-minute interview on July 18. Jim, a conservative trader, likes to trade in the direction of the trend. In the interview, he uses...
USDCAD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.0619, the fall from 1.0794 could be treated as consolidation of the uptrend. Support is now located at the bottom of the...
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8855. Further rise would likely be seen after a minor consolidation, and next target would be at 0.9050 area. Only a clear...
USDJPY stays in a trading range between 101.06 and 101.78. Resistance is at 101.78, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 102.79 (Jun...
AUDUSD failed to break below 0.9328 support, indicating that lengthier sideways movement in a range between 1.9328 and 1.9455 is underway. Resistance is at 0.9455, as long as this level holds, another fall to test 0.9328 support...
GBPUSD broke below 1.7059 support, indicating that the uptrend from 1.6692 had completed at 1.7190 already. Further decline could be expected and the target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only...
EURUSD’s downward movement from 1.3700 extended to as low as 1.3490. Further decline could be expected after a minor consolidation, and next target would be at 1.3300 area. Resistance is located at the upper line of the...
USDCAD is testing the trend line resistance, as long as the pair stays below the trend line, the downtrend from 1.1278 could be expected to continue, and next target would be at 1.0300 area. On the upside,...
