USDJPY Analysis. USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend from 84.17, the bounces from 79.63 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation,...
AUDUSD Analysis. AUDUSD breaks below 1.0225 previous low support and reaches as low as 1.0110, suggesting that the downtrend from 1.0855 (Feb 29 high) has resumed. Further decline could be expected after a minor consolidation, and next...
By Elliott Wave International The stock market: one week it acts like Dr. Jekyll, the next week it’s Mr. Hyde. That shift can even occur in the course of a single session. These dramatic fluctuations appear to...
USDJPY Analysis. USDJPY remains in downtrend from 84.17, the price action from 79.63 is treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the...
USDJPY Analysis. USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend from 84.17 (Mar 15 high), the rise from 79.63 is treated as consolidation of the downtrend. Another rise to test the...
USDJPY Analysis. USDJPY may be forming a cycle bottom at 79.63 on 4-hour chart. Another rise to test the resistance of the downward price channel would likely be seen, a clear break above the upper line of...
AUDUSD Analysis. AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, we’d expect uptrend to resume, and another rise to 1.0550 is still possible. However,...
