EURUSD is in short term downtrend from 1.1860. Deeper decline towards the resistance-turned-support level at 1.1690 would likely be seen. A breakdown below this level could take price towards 1.1554. Below here could signal resumption of the...
The common currency started had a rough beginning of the week, as talks for a coalition government in Germany ended on Sunday after the Free Democratic Party pulled out. Merkel’s CDU has now been sentenced to a minority...
NZDUSD extended its downside movement from 0.7557 to as low as 0.6780, breaking below an important support level at 0.6817. Further decline would likely be seen over the next several weeks. On the downside There is a...
USDCAD stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 1.2666. As long as the price is above the trend line, the upside movement could be expected to...
USDJPY extended its downside movement from 114.73 to as low as 111.88, facing a key support level at 111.65. A breakdown this level could trigger further downside movement to next support level at 111.00. Near term resistance...
AUDUSD’s downside movement from 0.7729 extended to as low as 0.7535. 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 downside movement...
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise to test 1.3337 resistance would likely be seen. As long as this level holds, the price action in the trading range could...
EURUSD extended its pullback from 1.1860 to as low as 1.1722, breaking below 1.1740 support. Deeper decline to the resistance-turned-support level at 1.1690 is still possible after a minor consolidation. Breakthrough there could trigger further bearish move...
USDJPY looks ready to trade sideways on its daily time frame as price has bounced off the resistance around 114.25. This could put the pair on track towards its range support at 108.50. The 100 SMA is...
By Elliott Wave International Some days, the fundamental backdrop of the markets you follow is as peaceful and quiet as a Zen garden. The news cycle is calm and the mainstream predictions about price are clear. Other...
