USDCAD’s downside movement from 1.3124 had completed at 1.2526 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.3000 area. Support is at 1.2526, only a breakdown below...
USDJPY is facing 107.90 resistance, a break of this level would indicate that the downtrend from 114.73 had completed at 104.63 already, then next target would be at 110.00 area. On the downside, as long as 107.90...
AUDUSD failed to breakout of the falling trend line on the daily chart, suggesting that the pair remains in the downtrend from 0.8135. A breakdown below 0.7642 support would indicate that the downside movement has resumed, then...
GBPUSD pulled back to 1.4000 area after touching 1.4345 resistance, suggesting that lengthier consolidation for the uptrend from 1.1946 (Oct 7, 2016 low) is needed. Deeper decline towards 1.3711 key support is possible in the coming days....
EURUSD continued its sideways movement in a trading range between 1.2154 and 1.2555. The sideways move is likely consolidation for the uptrend from 1.1554. As long as 1.2154 support holds, the uptrend could be expected to resume...
Short-term EURUSD Elliott Wave view suggests that the pair remains in a sideways triangle range between 1.2554 and 1.2153 levels as mentioned in the previous post here. Until we break out of the range, we look for the...
By Elliott Wave International Are wars bullish or bearish for stocks? With the recent news of airstrikes on Syria and a threat of a global war, this question is extremely relevant. But does war really cause stock...
By Elliott Wave International The stock of Avago Technologies rebounded strongly off the recent lows. What’s next? The challenge is on you to provide the answer. Give it a shot! Click the chart below to download a...
USDCAD’s bounce from 1.2526 extended to as high as 1.2675, facing the resistance of the top trend line of the price channel on the 4-hour chart. A clear break above the channel resistance would indicate that the...
USDJPY is facing 107.78 resistance, a breakout of this level could signal resumption of the uptrend from 104.63, then next target would be at 109.00 area. Key support is at 106.61, only a breakdown below this level...
