Cable is trending lower inside a descending channel on its 1-hour time frame and looks prime for a pullback. Price is currently testing the 50% retracement level at the 1.3900 major psychological level and could head back...
By Elliott Wave International By Monday, Feb. 26, the stock market rally that carried major indexes out of the depths of the recent sell-off came to within 1000 points or so of the DJIA’s Jan. 26 all-time...
USDCAD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.2450. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY stays in a falling price channel on its 4-hour chart and remains in the short term downtrend from 107.90. As long as the channel resistance holds, the downside movement could be expected to continue and next...
AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.7988 had completed at 0.7712 already. Further rise to test 0.7893 resistance is still possible, a break of this level could...
GBPUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.4144 had completed at 1.3711 already. Further rally would likely be seen and next target would...
EURUSD extended its upside movement from 1.2155 to as high as 1.2429. Further rise is still possible and next target would be at 1.2500 area. Support levels are at 1.2360 and 1.2325, only break below these levels...
DAX, the index from Germany, is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that the rally to 12597.51 at February 26.2018 ended Primary wave ((X)). Down from there, the decline unfolded as a 5 waves Elliott Wave Impulse...
EURAUD recently broke past the 1.5800 major psychological mark to signal that more gains are in the cards. However, price is stalling around 1.5925 and might be due for a pullback to the broken resistance. Applying the...
USDCAD broke above 1.2920 (Dec 19, 2017 high) resistance and extended its upside movement from 1.2450 to as high as 1.3000. Further rise is till possible after a minor consolidation and next target would be at 1.3100...
