USDCAD is now in downtrend from 1.3598. Further decline could be expected over the next several weeks, and next target would be at 1.2600 area. Resistance is at 1.3387, only break above this level could signal completion...
USDJPY’s fall from 118.66 extended to as low as 111.58. Near term resistance is now located at the top of the price channel on daily chart. As long as the pair stays in the channel, the downtrend...
AUDUSD remains in uptrend from 0.7158. Further rise is still possible over the next several weeks, and next target would be at 0.8000 area. Support is at 0.7500, only break below this level could bring price back...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. Near term resistance is at 1.2774, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016,...
EURUSD stays in the downward price channel on daily chart, indicating that the pair remains in downtrend from 1.1616 (May 3, 2016 high), and the rise from 1.0340 could be treated as consolidation of the downtrend. Further...
By Elliott Wave International Answer: Every trader, every analyst and every technician has favorite techniques to use when trading. But where traditional technical studies fall short, the Wave Principle kicks in to show high-confidence price targets. Just...
The USD/JPY pair initially tried to rally during the day on Friday, but continues to find resistance above. However, after the impulsive candle from Thursday, I believe that we will eventually break out to the upside. I’m...
The USD/CAD pair broke down during the day on Friday, slicing through the 1.31 handle. The weekly candle looks a bit soft as well, so I think we are going to reach towards the 1.30 level underneath...
The GBP/USD pair fell during the day on Friday, but found enough support underneath the 1.25 level to form a bit of a hammer. I believe that we are trying to make a stand here in the...
The EUR/USD pair initially fell during the day on Friday, but found enough support to turn around and form a hammer. It is because of this I think we continue to grind back and forth with a...
