USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 112.15 had completed at 110.10 already. Further rally is possible in a couple of days and next target would be...
AUDUSD extended its downside movement from 0.7453 to as low as 0.7222. Further decline is still possible after a minor consolidation and next target would be at 0.7100 area. Near term resistance is at 0.7283, only a...
GBPUSD’s downside movement from 1.3213 extended to as low as 1.2703. Further decline is still possible and next target would be at 1.2600 area. Near term resistance is at 1.2827, only a break of this level could...
EURUSD continued its downside movement from 1.1746 and the fall extended to as low as 1.1330. Near term resistance is at 1.1432. As long as this level holds, further decline could be expected and next target would...
DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended Minor wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where Minute wave ((w)) ended at 12640.87. Minute wave ((x)) ended at...
By Elliott Wave International The “moving average” is a technical indicator of market strength which has stood the test of time. Over 30 years ago, Robert Prechter described this indicator in his essay, “What a Trader Really...
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2961. As long as the price is above the trend line, the fall from 1.3170 could be treated as consolidation...
USDJPY is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 110.10 could be treated as consolidation for the downtrend from 112.15, another...
AUDUSD’s downside movement from 0.7453 extended to as low as 0.7256. Further decline is still possible and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of this level could signal completion...
GBPUSD extended its downside movement from 1.3213 to as low as 1.2722. Further decline is still possible and next target would be at 1.2600 area. Near term resistance is at 1.2860, only a break of this level...
