AUDUSD could be in for a long-term reversal from the recent downtrend, as an inverse head and shoulders pattern can be seen on its 4-hour time frame. Price is on its way to test the neckline around...
By Elliott Wave International A June 28 headline on CNBC reads, “Homeownership rate drops to 63.4%, lowest since 1967.” The report goes on to say “The number of occupied housing units grew, but all on the renter...
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. Consider this July 23 Reuters headline: GM earnings more than doubles on U.S. truck demand Suppose you had the news...
USDCAD’s upward movement from 1.1919 extended to as high as 1.3213. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area. Support is at 1.2850, as long as this...
USDJPY stays in the upward price channel on daily chart, and remains in uptrend from 115.56. Further rise would likely be seen over the next several weeks, and next target would be at 130.00 area. Near term...
AUDUSD remains in downtrend from 0.8162, the rise from 0.7233 is likely consolidation of the downtrend. Near term resistance is located at the top of the price channel on daily chart. As long as the channel resistance...
GBPUSD stays in a trading range between 1.5170 and 1.5929. As long as 1.5170 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4565, another rise towards 1.6500 could...
EURUSD continued its sideways movement in a range between 1.0808 and 1.1467. Another rise to test 1.1467 resistance would likely be seen, a break of this level will signal resumption of the uptrend from 1.0462, then next...
The USD/JPY pair initially tried to rally during the course of the session on Friday, but found the 125 level to be a bit too resistive. With that being the case, we did up falling drastically from...
The USD/CAD pair went back and forth during the course of the session on Friday, showing quite a bit of volatility but at the end of the day we really went nowhere. Because of this, we feel...
