By Elliott Wave International Editor’s note: The article below is adapted from the transcript of the live presentation above, originally recorded at the 2014 Las Vegas Money Show. It features Elliott Wave International Chief Market Analyst Steve...
USDCAD is in consolidation of the downtrend from 1.1278 (Mar 20 high). Range trading between 1.0619 and 1.0800 would likely be seen over the next several days. Resistance is at 1.0800, as long as this level holds,...
USDCHF’s fall from 0.8958 extended to as low as 0.8897, however the fall is likely correction of the uptrend from 0.8855. As long as 0.8897 support holds, the uptrend could be expected to resume, and next target...
USDJPY broke above 101.50 resistance, indicating that the downtrend from 102.26 had completed at 101.06 already. Further rally could be expected, and next target would be at 102.10 area. Support levels are at 101.30 and 101.06, only...
AUDUSD remains in downtrend from 0.9504, the bounce from 0.9328 to 0.9455 is likely correction of the downtrend. Resistance is at 0.9455, as long as this level holds, another fall could be expected, and next target would...
GBPUSD broke below 1.7084 support, indicating that the uptrend from 1.6692 had completed at 1.7179 already. Further decline could be expected, and next target would be at 1.6950 area. Resistance levels are at 1.7130 and 1.7179, only...
EURUSD moved sideways in a range between 1.3575 and 1.3650. The price action in the range is likely consolidation of the downtrend from 1.3700. As long as 1.3650 resistance holds, the downtrend could be expected to resume,...
USDCAD broke above 1.0696 resistance, indicating that the downward movement from 1.0960 had completed at 1.0619 already. Further rally could be expected, and the target would be at 1.0800 area. Support is now at 1.0670, only break...
USDCHF remains in uptrend from 0.8855, the fall from 0.8958 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 0.9000 area. Resistance is at 0.8958, a break...
USDJPY broke below 101.23 support and reached as low as 101.06. Further decline to test 100.75 support is possible, a breakdown below this level will signal completion of the long term uptrend from 75.57 (Oct 31, 2011...
