USDJPY broke above 108.72 resistance, suggesting that the downside movement from 111.71 had completed at 106.91 already. Further rally could be expected in the coming days and next target would be at 110.00 area. Near term support...
AUDUSD remains in the downtrend from 0.6213 and the fall extended to as low as 0.5979. Further decline would likely be seen and next target would be at 0.5900 area. Near term resistance is at 0.6075, only...
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.1409 had completed at 1.2485 already. Further decline would likely be seen in the coming days and next target would...
EURUSD extended its downside movement from 1.1147 to as low as 1.0772. 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...
USDCAD remains in the uptrend from 1.2951, the pullback from 1.4667 is likely consolidation for the uptrend. As long as 1.3920 support holds, the upside movement could be expected to resume, and further rise towards 1.1500 is...
USDJPY failed to break above 112.22 resistance and pulled back from 111.71. However, the fall from 111.71 is likely corrective consolidation for the uptrend from 101.17, as low as 106.90 support holds, another rise to test 112.22...
AUDUSD rebounded strongly from 0.5507, suggesting that the downside movement from 0.7031 had completed. Further rally would likely be seen and a breakout of 0.6213 resistance could trigger further upside movement towards the falling trend line on...
GBPUSD rebounded strongly from 1.1409, suggesting that the downside movement from 1.3514 had completed. Further rally would likely be seen after a minor consolidation and a break of 1.2485 resistance could take the price towards the falling...
EURUSD remains in the downtrend from 1.1496, the bounce from 1.0635 is likely corrective consolidation for the downtrend. Further decline is possible after the consolidation and next target would be at 1.0400 area. Resistance is at 1.1147,...
By Elliott Wave International Let’s start by establishing that the stock market is not driven by the news. Aggregate stock prices are driven by waves of optimism and pessimism — which go from one extreme to another...
