By Elliott Wave International Elliott Wave International President Robert Prechter has noted that stock market volume is the most important indicator to watch besides price. Market volume waxes and wanes. However, there are times when volume goes...
USDCAD stays in a falling price channel on the 4-hour chart and remains in the short term downtrend from 1.3345. As long as the price is in the channel, the downside movement could be expected to continue...
USDJPY remains in the downtrend from 109.31, the bounce from 104.44 is likely consolidation for the downtrend. As long as 107.08 key resistance holds, the downside movement could be expected to resume, further decline to 104.00 area...
AUDUSD moved sideways in a trading range between 0.6677 and 0.6821. As long as 0.6821 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7081, one more fall to 0.6600 is still...
GBPUSD extended its upside movement from 1.2014 to as high as 1.2309. 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...
EURUSD’s downside movement from 1.1164 to as low as 1.1085. Further decline is still possible over the next several days and next target would be at 1.1050 support. Near term resistance is at 1.1115, above this level...
Every successful person has predefined goals in their life. They know what they are doing and they slowly become good at trading. Forex trading profession is one of the most tasks in the world. It is often...
The new traders are always trying their best to secure big profits from this market. Even after learning all the details of this market, they find it hard to earn a decent amount of money. This is...
USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3015 had completed at 1.3345 already. Deeper decline could be expected and next target would be at 1.3184 support. Resistance...
USDJPY bounced strongly from 104.44, however, the bounce would possibly be consolidation for the downtrend from 109.31, one more fall towards 104.00 is still possible after the consolidation. Key resistance is at 107.08, only break above this...
