By Elliott Wave International The Wave Principle classifies price action as either motive or corrective. Motive waves move in the direction of the trend and include impulse waves and diagonals. Today, you can watch a lesson from...
USDCAD broke above the downward trend line on daily chart, indicating that the downtrend from 1.4689 had completed at 1.2460 already. Further rally could be expected over the next several weeks, and the target would be at...
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
AUDUSD broke below 0.7450 support, indicating that the upward movement from 0.6826 had completed at 0.7834 already. Further decline could be expected over the next several weeks, and next target would be at 0.7000 area.
After touching 1.4668 resistance, GBPUSD pulled back from 1.4769, indicating that the upward movement from 1.3835 had completed 1.4769 already. Deeper decline could be expected over the next several weeks, and the target would be at 1.4100...
EURUSD’s upward movement from 1.0517 extended to as high as 1.1616. Support is at 1.1200, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.2000 area. On...
The USD/JPY pair went back and forth during the course of the day on Thursday, showing that we saw quite a bit of volatility. If we can break higher, the 108 level will be tested. I think...
The USD/CAD pair initially fell during the course of the day on Thursday, but turn right back around to form a bit of a hammer. We are approaching the 1.30 level, and what will be interesting today...
The GBP/USD pair broke down during the course of the day on Thursday, but still remains above the 1.44 level. That’s the area that we would have to break down in order for me to start selling...
The EUR/USD pair fell significantly during the course of the session on Thursday, as we broke down below the bottom of the shooting star from the previous day. However, there is a significant amount of support near...
