GBPUSD remains in downtrend from 1.5785, the rise from 1.5034 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance...
EURUSD remains in downtrend from 1.2569, the rise from 1.1754 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart, as long as the channel resistance holds,...
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0619 (Jul 3, 2014 low), and the rise extended to as high as 1.1889. Further rise could be expected after a minor...
USDCHF remains in uptrend from 0.8703 (May 8, 2014 low), and the rise extended to as high as 1.0216. Further rise could be expected after a minor consolidation, and next target would be at 105.00 area. Near...
USDJPY failed to break above 121.84 resistance and stayed in the trading range between 115.56 and 121.84. Sideways movement could be expected to continue in a couple of weeks. However, as long as 115.56 support holds, the...
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), and the fall extended to as low as 0.8032. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds,...
GBPUSD continued its downward movement from 1.7190 (Jul 15, 2014 high), and the fall extended to as low as 1.5034. Further decline could be expected after a minor consolidation, and next target would be at 1.4500 area....
EURUSD’s downward movement from 1.3993 (May 8, 2014 high) extended to as low as 1.1754. Near term resistance is at 1.2000, as long as this level holds, the downtrend could be expected to continue, and next target...
By Elliott Wave International The following trading lesson has been adapted from Jeffrey Kennedy’s eBook, Trading the Line — 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. You can download the 14-page eBook here....
The USD/JPY pair initially tried to rally during the course of the day on Friday, but found the 120 level to be a bit too resistive to keep going higher. With that being the case, we ended...
