AUDUSD remains in the downtrend from 0.7813, the bounce from 0.7472 is likely consolidation for the downtrend. Range treading between 0.7472 and 0.7590 would likely be seen in a couple of days. As long as 0.7590 resistance...
GBPUSD continued its downside movement from 1.4376 and the fall extended to as low as 1.3486. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.3486 could be...
EURUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2413. As long as the price is below the trend line, the bounce from 1.1911 could be treated as consolidation...
USDCAD’s bounce from 1.2526 extended to as high as 1.2917. Further rise is still possible in the coming days and next target would be at 1.3100 area. Near term support is at 1.2785, a breakdown below this...
USDJPY stays in a rising price channel on the daily chart and remains in the uptrend from 104.63. As long as the price is in the channel, the pullback from 110.03 could be treated as consolidation for...
AUDUSD broke below 0.7501 support and extended its downside movement from 0.8135 to as low as 0.7472. Further decline is still possible after a minor consolidation and next target would be at 0.7350 area. Near term resistance...
GBPUSD broke below 1.3711 key support and extended its downside movement from 1.4376 to as low as 1.3486, suggesting that the upside movement from 1.1946 (Oct 7, 2016 low) had completed at 1.4376 already. Further decline would...
EURUSD’s downside movement from 1.2555 extended to as low as 1.1911. Further decline is still possible in a couple of weeks and next target would be at 1.1700 area. Near term resistance is at 1.2050, a break...
Gold short-term Elliott Wave view suggests that the rally to 4/11 high at 1365.24 ended Minor wave B. Below from there, the decline is unfolding as an impulse Elliott wave structure in Minor wave C of (B) lower. This...
USDCAD stays in a trading range between 1.2803 and 1.2913. As long as 1.2803 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.2526 and a breakout of 1.2913...
