EURUSD stays below a downward trend line on the 4-hour chart and remains in the downtrend from 1.2413. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
USDCAD moved sideways in a trading range between 1.2804 and 1.2913. A breakdown below 1.2804 support would indicate that corrective consolidation for the uptrend from 1.2526 is underway, then the pair would find support at around 1.2600....
USDJPY broke above 109.53 resistance and extended its upside movement from 104.63 to as high as 109.91. Key support is now at 108.95. As long as this level holds, the upside movement could be expected to continue...
AUDUSD’s downside movement from 0.7813 extended to as low as 0.7472. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downside movement could be...
GBPUSD extended its downside movement from 1.4376 to as low as 1.3587. Further decline is still possible after a minor consolidation and next target would be at 1.3500 area. Resistance is located at the falling trend line...
EURUSD’s downside movement from 1.2413 extended to as low as 1.1981. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...
NZDJPY Elliott Wave view in short-term cycles suggests that the bounce to 79.62 high ended Intermediate wave (X). Down from there, Intermediate wave (Y) remains in progress as a Zigzag Elliott Wave structure in which the first leg of...
USDCAD broke below 1.2812 support, suggesting that the upside movement from 1.2526 had completed at 1.2899 already. Deeper decline would likely be seen over the next several days and the target would be at 1.2600 area. Resistance...
USDJPY’s upside movement from 104.63 extended to as high as 109.53. Further rise is still possible after a minor consolidation and next target would be at 110.50 area. Support levels are at 108.95 and 108.54, only break...
AUDUSD extended its downside movement from 0.7813 to as low as 0.7525. As long as 0.7588 resistance holds, the downtrend could be expected to continue and next target would be at 0.7500, followed by 0.7350. Only a...
