GBPUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3132. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
EURUSD’s downside movement from 1.1323 extended to as low as 1.1140. Further decline is still possible after a minor consolidation and next target would be at 1.1100 area. Near term resistance is at 1.1180, a break of...
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USDCAD broke above 1.3402 resistance and extended its upside movement from 1.3274 to as high as 1.3457. Further rise could be expected in a couple of days and next target would be at 1.3500 area. Near term...
USDJPY remains in the uptrend from 110.84, the pullback from 112.16 is likely consolidation for the uptrend. A breakout of 112.16 resistance would indicate that the upside movement has resumed, then next target would be at 113.00...
AUDUSD extended its downside movement from 0.7205 to as low as 0.7027. Further decline is still possible in a couple of days and next target would be at 0.6950 area. Resistance is at 0.7075, only break above...
GBPUSD’s downside movement from 1.3132 extended to as low as 1.2921. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...
EURUSD extended its downside movement from 1.1323 to as low as 1.1192. As long as the price is in the bearish price channel on the 4-hour chart, the downside movement could be expected to continue and next...
By Elliott Wave International In the 1973 song “The Joker,” the Steve Miller Band sang: “I’m a joker. I’m a smoker. I’m a midnight toker.” Of course, “midnight toker” referred to pot smoking. Back then, there were...
USDCAD continued its sideways movement in a trading range between 1.3274 and 1.3402. Another fall to test 1.3250 support would likely be seen in the coming days. Resistance is at 1.3402, only break above this level could...
