EURJPY made a break below its symmetrical triangle last week but is still stuck in consolidation. Price is now stalling around the bottom of the descending triangle on its daily time frame. Support is located at the...
By Elliott Wave International The following article on currency devaluation’s role in deflation is from Elliott Wave International, the world’s largest financial forecasting firm. EWI has just released a new report, Deflation and the Devaluation Derby, to...
USDCAD is in downtrend from 1.3456, the rise from 1.2831 is likely correction of the downtrend. Another fall could be expected after correction, and the target would be at 1.2500 area. Resistance is at 1.3456, only break...
USDJPY is facing 121.62 resistance, a break of this level will indicate that the uptrend from 116.13 has resumed, then next target would be at 125.00 area. Support levels are at 118.16 and 116.13, only break below...
AUDUSD failed to break above 0.7439 resistance, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the rise from 0.6907 could be treated as consolidation of the downtrend. Another fall towards 0.6500...
GBPUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.5929. Resistance is at the top of the channel. As long as the channel resistance holds, the downtrend could be expected to...
EURUSD broke below 1.1087 support, indicating that the downtrend from 1.1713 had resumed. Further decline could be expected over the next several weeks, and next target would be at 1.0600 area. Resistance levels are at 1.1250 and...
The USD/JPY pair initially fell during the course of the session on Friday, but found enough support just above the 120 level to turn things back around and form a very impulsive looking green candle. That being...
The USD/CAD pair initially fell during the course of the session on Friday, but then turned back around to form a massive bullish candle. With that being the case, we feel that the market pulling back should...
The GBP/USD pair fell significantly during the day on Friday, as we slammed into the 1.53 level. Because of this, we feel that the market will continue to drift lower and eventually hit the 1.52 level. That...
