In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDCAD published in members area of the elliottwave-forecast . As our members know, USDCAD ended cycle from the 1.30122 low...
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USDCAD broke below 1.3270 support, deeper decline towards the rising trend line on the 4-hour chart would likely be seen in a couple of days. As long as the trend line support holds, the pullback from 1.3327...
USDJPY failed to break below the support of rising price channel on the 4-hour chart. Further rally would likely be seen in the coming days and next target would be at 109.07 resistance. Key support is at...
AUDUSD stays in a trading range between 0.6769 and 0.6840. The price action in the range is likely consolidation for the downtrend from 0.6929, further decline towards 0.6700 is possible after the consolidation. Only break above 0.6840...
GBPUSD extended its downside movement from 1.2985 to as low as 1.2822. Further decline would likely be seen in a couple of days and next target would be at 1.2750 area. Near term resistance is at 1.2870,...
EURUSD broke below 1.1053 support, suggesting that the downtrend from 1.1179 has resumed. Further decline could be expected in a couple of days and next target would be at 1.0989 support. Near term resistance is at 1.1040,...
USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3041. As long as the trend line support holds, the upside movement could be expected to continue and next target...
USDJPY stays in a rising price channel on the 4-hour chart and remains in the uptrend from 106.48. As long as the channel support holds, the uptrend could be expected to resume and one more rise towards...
AUDUSD continued its sideways movement in a trading range between 0.6769 and 0.6840. As long as 0.6840 resistance holds, the downside movement from 0.6929 could be expected to resume, and further decline to 0.6700 area is still...
