EURGBP has been climbing higher on its 1-hour time frame, recently breaking past the resistance around the .7150 minor psychological mark. From there, the pair zoomed up to the .7400 major psychological resistance before pulling back. Using...
By Elliott Wave International China’s economy is slowing. Its stock market began to crash back in July. And, the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China’s central bank. Speaking...
USDCAD’s upward movement from 1.1919 extended to as high as 1.3353. Near term support is at the bottom of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected...
USDJPY remains in long term uptrend from 75.57 (Oct 31, 2011 low), the fall from 125.85 is likely consolidation of the downtrend. Range trading between 116.13 and 125.85 would likely be seen over the next several weeks....
AUDUSD’s downward movement from 0.8162 extended to as low as 0.7037. Near term resistance is located at the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend could be expected...
GBPUSD failed to break above 1.5929 resistance, and stayed in the trading range between 1.5170 and 1.5929. Support is at 1.5170, as long as this level holds, the price action from 1.5814 could be treated as consolidation...
EURUSD broke above 1.1467 resistance, and reached as high as 1.1713. The subsequent fall from 1.1713 indicate that the uptrend from 1.0808 had completed. Further decline to test 1.0462 support could be expected over the next several...
Despite its recent sharp selloff, EURUSD is still on an uptrend on its longer-term time frames. The pair is moving inside a rising channel on its 4-hour chart and may be ready to test the channel support...
GBPCAD is currently making a correction to the broken resistance around the 2.0600 major psychological support, which lines up with the 200 SMA on the 1-hour time frame. The short-term 100 SMA is still above the 200...
By Elliott Wave International Yes, China has crashed. But what about the big picture? Learn more in this new interview with Chris Carolan, Elliott Wave International’s Global Opportunities Expert and recipient of the 1998 Charles H. Dow...
