EURUSD is facing 1.2358 support, a breakdown below this level will confirm that the downtrend from 1.2867 has resumed, then the following downward movement could bring price to 1.2000 area. Resistance is at 1.2450, only break above...
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. I came across this sentence in an article about gold: Nobody expects gold prices to turn up soon… Another observer...
USDCAD broke below the bottom of the price channel on daily chart, deeper decline to test 1.1121 support is possible, a breakdown below this level will signal completion of the uptrend from 1.0619, then the following downward...
USDCHF failed to break below the bottom of the price channel on daily chart, indicating that the pair remains in uptrend from 0.8703. As long as the channel support holds, the uptrend could be expected to continue,...
USDJPY’s upward movement from 101.06 extended to as high as 118.97. The uptrend could be expected to continue after a minor consolidation, and next target would be at 125.00 area. Near term support is at 115.45, only...
AUDUSD stays in a trading range between 0.8540 and 0.8910. As long as 0.8910 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504, further decline to 0.8000 area...
GBPUSD remains in downtrend from 1.7190. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.5000 area. On the upside, a clear break above the...
EURUSD failed to break above the upper line of the price channel on daily chart, indicating that the pair remains in downtrend from 1.3993. As long as the channel resistance holds, the downtrend could be expected to...
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but turned back around to form a shooting star. The shooting star suggests to us that the market is going to pull...
The USD/CAD pair initially tried to rally during the session here on Thursday, but fell back down and tested the 1.13 level. With that, it appears that the market should continue to find buyers just below, and...
