GBPUSD is facing the bullish support trend line once again. As long as the price is above the trend line, the price action from 1.3657 could be treated as consolidation of the uptrend from 1.1946 (Oct 7,...
EURUSD moved sideways in a trading range between 1.1554 and 1.2092 for several weeks. As long as 1.1554 key support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0340 (Jan 3 low),...
GBPUSD is trending lower and moving inside a descending channel on its 1-hour time frame. Price is currently testing the resistance and could be due for a drop to support soon. The 100 SMA is below the...
USDCAD dropped sharply from 1.2892 to as low as 1.2713. Further decline is still possible after consolidation and next target would be at 1.2623 support. Near term resistance is at 1.2815, only break above this level could...
USDJPY broke below the bullish support trend line on its 4-hour chart, suggesting that the upside movement from 110.84 had completed at 113.75 already. Further decline would likely be seen in the coming days and next target...
AUDUSD is now in uptrend from 0.7501. Further rise could be expected after a minor consolidation and next target would be at 0.7720, followed by 0.7800 area. Near term support is at 0.7630, a breakdown below this...
GBPUSD remains in the downtrend from 1.3549, the bounce from 1.3303 is likely consolidation of the downtrend. Further decline is still possible after the consolidation and a breakdown below 1.3303 support could aim 1.3220 support. Below this...
EURUSD’s bounce from 1.1717 extended to as high as 1.1862, the subsequent fall is likely resumption of the downtrend from 1.1961. Further decline to test 1.1712 support would likely be seen, a breakdown below this level could...
By Elliott Wave International When you are watching a pattern develop on a chart, how can you be sure that your Elliott wave count is correct? Elliott Wave International’s Senior Analyst Jeffrey Kennedy spent years designing his...
USDCAD broke below 1.2804 support, suggesting that the upside movement from 1.2623 had completed at 1.2892 already. Further decline towards 1.2623 would likely be seen in the coming days. Resistance is at 1.2892, only break above this...
