By Elliott Wave International The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They...
USDCAD continued its sideways movement in a range between 1.2460 and 1.3188. Resistance is at 1.3188, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600...
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 rise from 98.97 could be treated as consolidation of the downtrend. Further...
AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Another fall could be expected after correction and next target would be at 0.6900. Support level is at 0.7250, a breakdown...
GBPUSD is now in downtrend from 1.5016. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Resistance is at 1.3800, as long as this level holds, the downtrend will...
EURUSD is now in downtrend from 1.1616, the bounce from 1.0911 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0600 area. Resistance is at...
The USD/JPY pair initially fell during the day on Thursday, but turned back around to form a bit of a hammer. If we break above the top of the hammer, the market more than likely will try...
The USD/CAD pair broke higher during the course of the session on Thursday, slicing through the 1.30 level. However, we have been consolidating in general, and as a result I think it can be difficult to trade...
The GBP/USD pair fell during the course of the session on Thursday, as we continue to go back and forth and try to build up enough downward pressure to continue to go lower. At this point in...
The EUR/USD pair initially tried to rally during the day on Thursday, but turned right back around to fall fairly significantly during the day. The previous uptrend line acted as resistance, and now it appears that we...
