GBPUSD extended its downside movement from 1.4244 to as low as 1.4010. Further decline could be expected in a couple of days and next target would be at 1.3889 support. Near term resistance is at 1.4130, only...
EURUSD extended its downside movement from 1.2476 to as low as 1.2283. Further decline to test 1.2239 support is possible after a minor consolidation and a breakdown below this level could trigger further downside movement towards 1.2155....
By Elliott Wave International There’s a widespread assumption that supply and demand drive oil prices. Almost all economists base their oil forecasts entirely on this premise, and so do many speculators. If the oil industry ramps up...
USDCAD is facing 1.2948 resistance. A breakout of this level would indicate that the downtrend from 1.3124 had completed at 1.2814 already, then the following upside movement could take price to next resistance level at 1.3000, followed...
USDJPY broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 107.29 had completed at 104.63 already. Further rally would likely be seen and next target would be at 107.29...
AUDUSD broke below 0.7672 support, indicating that the downtrend from 0.7916 has resumed. Further decline would likely be seen in a couple of days, and next target would be at 0.7600 area. Resistance is now at 0.7700,...
GBPUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.3711 had completed at 1.4244 already. Further decline would likely be seen in the coming...
EURUSD broke below the channel support and extended its downside movement from 1.2476 to as low as 1.2300. Further decline could be expected and next target would be at 1.2239 support. Below this level could take price...
The US dollar has rallied a bit during the trading session on Tuesday, as we continue the bullish move from Monday. The market has calmed down significantly, as this is a “risk on/risk off” currency pair and...
The US dollar has rallied significantly during the trading session on Tuesday, as the 1.28 level continues to offer support. However, as the Americans stepped into the arena, it looks as if the US dollar may revisit...
