USDCAD’s upside movement from 1.2526 extended to as high as 1.3381. Near term support is at 1.3180, as long as this level holds, the upside movement could be expected to continue and next target would be at...
USDJPY continued its sideways movement in a trading range between 108.11 and 111.39. Near term resistance is at 111.39, a breakout of this level could take the price to 113.00 area. Key support is at 108.11, a...
AUDUSD extended its downside movement from 0.8135 to as low as 0.7345, breaking below 0.7412 support. Further decline could be expected and next target would be at 0.7000 area. Resistance is at the falling trend line on...
GBPUSD extended its downside movement from 1.4376 to as low as 1.3101. As long as 1.3472 resistance holds, the downtrend could be expected to continue and next target would be at 1.2500 area. On the upside, a...
EURUSD moved sideways in a trading range between 1.1508 and 1.1851. As long as 1.1851 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.2555 and further decline to...
Early this week the price of Soybean futures (ZS_F) plunged to a new low in more than 9 years due to the tit-for-tat trade war between U.S. and China. Soybean Futures started to drop on Friday last...
USDJPY short-term Elliott wave view suggests that the rally to 110.91 high ended Minor wave 1 & also the cycle from 5/29 low. The internals of that rally higher unfolded as Elliott wave leading diagonalwhere Minute wave ((i)) ended at...
By Elliott Wave International Let it be stated upfront that there is no perfect way to analyze and forecast financial markets. No crystal balls. Yet, let’s be just as quick to add that in Elliott Wave International’s...
USDCAD extended its upside movement from 1.2856 to as high as 1.3335. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. Near term support is at 1.3260, a breakdown...
USDJPY moved sideways in a trading range between 109.55 and 110.90. As long as 109.55 support holds, the sideways movement could be treated as consolidation for the uptrend from 108.11 and a breakout of 110.90 resistance could...
