XAUUSD recently broke above the support-turned-resistance trend line at 1237 on its daily chart, indicating that the downside movement from 1295.94 had completed at 1204.77 already. On the upside On the 4-hour chart, the gold price ran...
USDCAD keeps trending lower and is moving inside a descending channel pattern on its 1-hour time frame. Price is currently testing support near the 1.2550 minor psychological level and could be due for a bounce back to...
USDCAD extended its bearish movement to 1.2521. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend could be expected to continue...
USDJPY continued its bearish movement from 114.49 and the fall extended to as low as 110.76. Near term resistance is at the top trend line of the price channel on the 4-hour chart, as long as the...
AUDUSD broke below the rising trend line on its 4-hour chart, indicating that the bullish movement from 0.7571 had completed at 0.7989 already. Range trading between 0.7830 and 0.7989 would likely be seen in a couple of...
GBPUSD remains in uptrend from 1.2589, the pullback from 1.3125 could be treated as correction of the uptrend. Deeper decline to wards the bottom trend line of the price channel on its 4-hour chart is possible in...
EURUSD’s bullish movement from 1.1312 extended to as high as 1.1684. As long as the price is above the rising trend line on its 4-hour chart, the bullish move could be expected to continue and next target...
Are you paying attention to commodities? You should be. Major moves in oil, gold and other commodities have offered up huge opportunities for traders in 2017. Our friends at Elliott Wave International have kept our subscribers ahead...
USDCAD stays below a bearish trend line on its daily chart and remains in the downtrend from 1.3793. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline to...
USDJPY failed to break above 115.50 again. Indicating that lengthier sideways movement in a range between 108.00 and 115.50 is underway. Another fall to test 108.13 support could be expected in a couple of weeks. Near term...
