GBPUSD broke below 1.6337 support, suggesting that lengthier consolidation of the uptrend from 1.5854 (Nov 12, 2013 low) is underway. Deeper decline would likely be seen, and next target would be at 1.6270 area. Support is now...
EURUSD’s fall from 1.3699 extended to as low as 1.3581. As long as 1.3548 key support holds, the fall could be treated as correction of the uptrend from 1.3548, one more rise to 1.3800 area is still...
The USD/JPY pair rose during the session on Wednesday, but failed to break above the 105 level. However, we do feel that this market is eventually going to do so, and believe that long-term opportunities will present...
The USD/CAD pair initially rose during the session on Wednesday, almost touching the 1.10 level. As you can tell, the market did pull back from that area though, and we did in fact end up forming a...
The GBP/USD pair fell during the session on Wednesday, going all the way down to the 1.6350 area. However, that area has offered support yet again, and as a result it looks like we’re simply going to...
The EUR/USD pair fell during the session on Wednesday, testing the 1.36 level. The area is the beginning of significant support all the way down to the 1.3550 handle, so therefore we need to close below that...
The AUD/USD pair fell during the session on Wednesday, testing the 0.89 level for support. That area of course offered support, and therefore we bounce slightly from it. However, we believe that the market will continue to...
By Elliott Wave International The best thing about Elliott wave patterns? Easy: They repeat. They repeat on all timeframes, across dozens of markets, all over the world. Once you know what to look for, you see the...
While many traders may be a little disconnected from reality and push equity markets higher while selected currency pairs remain stuck in their overextended trends which is a very unhealthy combination and equity traders as well as...
The USD/JPY pair rose during the session on Tuesday, breaking above the highs from the Monday session as well. This wiped out quite a bit of losses, as the market approach the 104 level. That being the...
