EURUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that the downside movement from 1.1746 had completed at 1.1301 already. Further rally would likely be seen in the coming days...
USDCAD failed to break above the falling trend line on the daily chart and remains in the downtrend from 1.3385. Further decline is still possible and a breakdown below 1.2961 support could take the price to 1.2850...
USDJPY broke below the falling trend line on the daily chart and is now in the downtrend from 113.17. Further decline could be expected in a couple of days and next target would be at 108.00 area....
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.8135. As long as the trend line resistance holds, the bounce from 0.7202 could be treated as consolidation for the...
GBPUSD’s downside movement from 1.4376 extended to as low as 1.2661. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target...
EURUSD extended its downside movement from 1.2555 to as low as 1.1301. Further decline is still possible after a minor consolidation and next target would be at 1.1000 area. Near term resistance is at 1.1550, only a...
By Elliott Wave International Let’s cut right to the chart below. The shaded triangle highlights the dramatic price action in crude oil prices on August 15, when crude plummeted 3% to its lowest level in over nine...
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2961. Further rise could be expected and next target would be at 1.3250 area. Key support is at 1.3050, only...
USDJPY moved sideways in a trading range between 110.10 and 111.43. Support is at 110.10, a breakdown below this level could take the price to 109.00 area. Resistance is at 111.43, above this level would aim 112.00...
AUDUSD is facing 0.7283 resistance. A clear break of this level would indicate that the downside movement from 0.7453 had completed at 0.7202 already, then the pair would find next resistance level at around 0.7350. On the...
