By Elliott Wave International You may have heard pundits on financial television say something like, “I see support for the Dow at this price level,” or “This stock should experience some resistance at that price level.” So,...
USDCAD broke below 1.3259 support, suggesting that the upside movement from 1.2856 had completed at 1.3385 already. Deeper decline could be expected in the coming days and next target would be at 1.3100 area. Resistance levels are...
USDJPY broke above the top trend line of the price channel on the 4-hour chart, suggesting that the uptrend from 108.11 has resumed. Further rise could be expected and next target would be at 111.00 area. Support...
AUDUSD’s downside movement from 0.7676 extended to as low as 0.7322. Further decline could be expected after a minor consolidation and next target would be at 0.7200 area. Resistance is now at 0.7375, a breakout of this...
GBPUSD broke below 1.3101 support, suggesting that the downtrend from 1.3472 has resumed. Further decline could be expected in the coming days and next target would be at 1.2900 area. Resistance is at 1.3200, as long as...
EURUSD is facing 1.1508 support, a breakdown below this level would indicate that the downside movement from 1.1851 has resumed, then next target would be at 1.1400 area. Resistance is at 1.1620, only a breakout of this...
OIL short-term Elliott Wave view suggests that the decline to $63.59 on 6/18/2018 low ended primary wave ((4)) pullback. Above from there, the instrument has rallied to new highs already. And confirming the next extension higher taking place in...
USDCAD continued its sideways movement in trading range between 1.3259 and 1.3385. As long as 1.3259 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2856 and one more rise towards 1.3450...
USDJPY stays below a falling price channel on the 4-hour chart and remains in the downtrend from 110.90. As long as the channel resistance holds, the downside movement could be expected to resume and another fall towards...
AUDUSD broke below 0.7345 support, suggesting that the downside movement from 0.7676 has resumed. Further decline could be expected and next target would be at 0.7200 area. Resistance is at 0.7390, only a break of this level...
