GBPUSD continued its sideways movement in a trading range between 1.2077 and 1.2249. As long as 1.2249 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 1.2578, another...
EURUSD moved sideways in a trading range between 1.1167 and 1.1249. As long as 1.1167 support holds, the upside movement could be expected to continue and next target would be at 1.1300 area. On the downside, a...
By Elliott Wave International As mainstream experts struggled to see the direction in gold, Elliott wave analysis saw a clear, bullish triangle. Then, gold prices rocketed to six-year highs! A common misconception of trading is that the...
USDCAD extended its upside movement from 1.3015 to as high as 1.3290. 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...
USDJPY broke above 106.45 resistance, suggesting that the downside movement from 109.31 had completed at 105.52 already. Further rally would likely be seen over the next several days and next target would be at 107.80 area.
AUDUSD stays in a trading range between 0.6747 and 0.6805. As long as 0.6805 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7081, further decline to 0.6700 area is still possible...
GBPUSD moved sideways in a narrow range between 1.2077 and 1.2249. As long as 1.2249 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2578, further decline to 1.2000 area is still...
EURUSD broke below 1.1190 support, suggesting that the upside movement from 1.1026 had completed at 1.1249 already. Further decline would likely be seen, a breakdown below 1.1167 support could take the price to 1.1130, followed by 1.1100....
USDCAD remains in the uptrend from 1.3015, the pullback from 1.3265 is likely consolidation for the uptrend. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected...
USDJPY’s downside movement from 109.31 extended to as low as 105.52. Further decline is still possible and next target would be at 105.00 area. Near term resistance is at 106.45, above this level could bring the price...
