AUDUSD is facing 0.6569 resistance, a breakout of this level could trigger further upside movement towards 0.6600. near term support is at 0.6485, a breakdown below this level could bring the price back towards the bottom of...
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2642 had completed at 1.2265 already. Further rally would likely be seen in the coming days and next target would...
EURUSD is now in the short-term uptrend from 1.0766, further rally would likely be seen in a couple of days and next target would be at 1.0950 area. Support is at 1.0766, only break below this level...
USDCAD is facing 1.3849 support, a breakdown below this level could trigger further downside movement towards the rising trend line on the daily chart. Key resistance is at 1.4348, only break above this level would indicate that...
USDJPY stays below a falling trend line on the daily chart and remains in the downtrend from 111.71. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
AUDUSD is now in the uptrend from 0.5507. As long as 0.6250 support holds, the upside movement could be expected to continue and next target would be at 0.6800 area. On the downside, a breakdown below 0.6250...
GBPUSD continued its sideways movement in a trading range between 1.2160 and 1.2647. The sideways movement is likely consolidation for the uptrend from 1.1409, a breakout of 1.2647 resistance could trigger further upside movement towards the falling...
EURUSD moved sideways in a trading range between 1.0635 and 1.1147. The sideways movement is likely consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), as long as 1.1147 resistance holds, the downside movement could be...
By Elliott Wave International In case you just landed on Earth via Martian spaceship, 2020 has seen the biggest crash in oil prices ever. This chart captures crude’s three-month, 80%-plus nosedive to 3-decade lows. (Price data as...
In this blog, we are going to take a look at the Elliott Wave chart of EURJPY. The chart from 4 May London update shows that the pair ended the cycle from 29 April low at 117.78...
