GBPUSD remains in downtrend from 1.2774, the rise from 1.2228 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the channel resistance holds,...
EURUSD continued its sideways movement in a rang between 1.0352 and 1.0500. As long as 1.0500 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1299 (Nov 9 high) and another fall...
NZDJPY broke past the long-term resistance at the 78.00 handle a couple of months back before staging a steady ascent to 83.50. Price seems to be struggling to keep up its climb from here so a pullback...
AUDNZD formed lower highs and found support at the 1.0400 major psychological level, creating a descending triangle visible on its 1-hour chart. Price is on its way to test the bottom of the triangle and might be...
By Elliott Wave International This year’s U.S. presidential election brought into focus one market you don’t hear about often: the Chinese yuan, or renminbi. “Donald Trump has been telling us all for a long time now that...
USDCAD is facing 1.3588 resistance, a break of this level will confirm that the uptrend from 1.2460 has resumed, then next target would be at 1.3800 area. Support is at the bottom of the price channel on...
USDJPY remains in uptrend from 101.18, the fall from 118.66 is likely consolidation of the uptrend. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue and next target...
AUDUSD’s downward movement from 0.7778 extended to as low as 0.7159. Further decline is still possible over the next several weeks, and next target would be at 0.6900 area. Near term resistance is at the downward trend...
GBPUSD is in short term downtrend from 1.2774. Deeper decline to test 1.1946 support is possible over the next several days. Near term resistance is at 1.2500, only break above this level would trigger another rise towards...
EURUSD remains in downtrend from 1.1366. Further decline could be expected after a minor consolidation and next target would be at 1.0000 area. Key resistance is at 1.0873, only break above this level could bring price back...
