USDJPY failed to break above 112.22 resistance and pulled back from 111.71. However, another rise to test 112.22 resistance is possible next week, a break of this level could trigger further upside movement towards 115.50 resistance. Support...
AUDUSD bounced strongly from 0.5507 to as high as 1.6199. Further rally would likely be seen next week, and next target would be at the falling trend line on the daily chart. As long as the trend...
GBPUSD rebounded strongly from 1.1409. Further rally would likely be seen next week, and next target would be at the falling trend line on the daily chart. As long as the trend line resistance holds, the downtrend...
After breaking below 1.0778 support, EURUSD rebounded strongly from 1.0635. However, the bounce is likely corrective consolidation for the downtrend from 1.1496, another fall towards 1.0400 is still possible after the consolidation.
By Elliott Wave International Investors know that the main U.S. stock indexes have tumbled very quickly. On a historical basis, some may not realize just how quickly. A March 23 Marketwatch headline referred to a “mind-bending stat”:...
USDCAD broke below 1.4148 support, suggesting that the upside movement from 1.3201 had completed at 1.4667 already. Further decline would likely be seen and next target would be at 1.3800 area. Near term resistance is at 1.4170,...
USDJPY broke below the bullish price channel on the 4-hour chart, suggesting that the upside movement from 101.17 had completed at 111.71 already. Further decline would likely be seen after a minor consolidation and next target would...
AUDUSD’s upside movement from 0.5507 extended to as high as 0.6039. 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 target...
GBPUSD extended its upside movement from 1.1409 to as high as 1.2228. 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 extended its upside movement from 1.0635 to as high as 1.1058. Further rise is still possible after a minor consolidation and next target would be at 1.1170 area. Near term support is at 1.0900, a breakdown...
