AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.8124 is underway. Further rally would likely be seen and next target would be at 0.7875. As long...
GBPUSD is now in short term uptrend from 1.3027. Further rise to test 1.3291 resistance would likely be seen. A breakout of this level would aim next resistance level at 1.3455. However, the short term uptrend would...
EURUSD broke above 1.1832 resistance, suggesting that the downside movement from 1.2092 had completed at 1.1669 already. Further rally is still possible and next target would be at 1.1900, followed by 1.2029. Near term support is at...
By Elliott Wave International So, there we have it. Deflation has started. The Federal Reserve announced last month that they would start to reduce their $4.5 trillion balance sheet in October, thereby starting the process we call...
FTSE Short term Elliott Wave analysis suggests the decline to 7196.58 on 9/15 low ended Primary wave ((4)). The Index is currently within Primary wave ((5)) which is subdivided as a zigzag Elliott Wave structure. The first leg Intermediate...
EURJPY stays above an ascending trend line on its daily chart, indicating that the price remains in the uptrend from 114.85. As long as the trend line support holds, the upside movement could be expected continue. On...
GBPAUD previously broke through support at the 1.6950 minor psychological level then fell to a low of 1.6785 before making a correction. Applying the Fibonacci retracement tool on the latest swing high and low on the 1-hour...
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USDCAD broke below the bottom of the price channel on the 4-hour chart. Further fall to test 1.2448 support would likely be seen. Below this level would indicate that the upside movement from 1.2061 had completed at...
USDJPY broke below 112.21 support. Further decline would likely be seen and next target would be at 111.47. Below this level would indicate that the upside movement from 107.31 had completed at 113.43 already, then the following...
