GBPUSD remains in the downtrend from 1.3213, the bounce from 1.2661 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.2600. Key resistance is at 1.2827,...
EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.1746. As long as the price is in the channel, the bounce from 1.1301 could be treated as consolidation of...
AUDUSD short-term Elliott wave view suggests that the bounce to 0.7455 high ended intermediate wave (B). Down from there, the pair has broken to new lows confirming the intermediate wave (C) lower. The internals of the decline is unfolding...
GBPUSD short-term Elliott wave view suggests that the rally to 1.3215 high ended Minor wave 2 bounce. Down from there, Minor wave 3 is taking place as impulse structure with lesser degree cycles are showing sub-division of 5 waves structure lower...
USDCAD’s upside movement from 1.2961 extended to as high as 1.3174. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...
USDJPY broke below 110.80 support, suggesting that the short term uptrend from 110.10 had completed at 111.43 already. Further decline would likely be seen in the coming days and a breakdown below 110.10 support could take the...
AUDUSD remains in the downtrend from 0.7453, the bounce from 0.7202 is likely consolidation for the downtrend. As long as 0.7283 resistance holds, the downtrend could be expected to resume and further decline to 0.7100 area is...
GBPUSD extended its downside movement from 1.3213 to as low as 1.2661. As long as 1.2827 resistance holds, the downside movement could be expected to continue and next target would be at 1.2600 area. On the upside,...
EURUSD remains in the downtrend from 1.1746, the bounce from 1.1301 is likely consolidation for the downtrend. As long as 1.1432 resistance holds, the downtrend could be expected to resume and a breakdown below 1.1301 support could...
USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2961 had completed at 1.3170 already. Further decline is still possible and next target would be at 1.2961 support. Resistance...
