AUDUSD’s rise from 0.9238 extended to as high as 0.9334. Further rise to test 0.9373 resistance is possible, as long as this level holds, the price action from 0.9275 could be treated as consolidation of the downtrend...
GBPUSD remains in downtrend from 1.7190, the rise from 1.6657 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend...
EURUSD continued its sideways movement in a range between 1.3333 and 1.3444. As long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, another fall towards...
USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and next target would...
USDCHF remains in uptrend, the fall from 0.9114 is likely consolidation of the uptrend. Deeper decline to 0.8900 area to complete the consolidation is possible. As long as 0.8900 support holds, the uptrend could be expected to...
USDJPY moved sideways in a narrow range between 100.75 and 104.12 for several months. As long as 100.75 support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct...
AUDUSD is testing 0.9202 support, a breakdown below this level will signal completion of the uptrend from 0.8660, then further following downward movement could bring price to 0.8000 area. On the upside, as long as 0.9202 support...
GBPUSD broke below 1.6692 support, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already. Further decline could be expected, and next target would be at 1.6300 area. Near term resistance is...
EURUSD remains in downtrend from 1.3993. Further decline would likely be seen, and next target would be at 1.3000 area. Initial resistance is at 1.3450, only break above this level will indicate that consolidation of the downtrend...
By Robert Prechter (excerpted from the monthly Elliott Wave Theorist; published since 1979) Every time there is a recession, observers grumble about economists’ methods. The deeper the recession carries, the louder the grumbling. The reason that widespread...
