AUDUSD’s downward movement from 0.9756 extended to as low as 0.8660. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to continue,...
GBPUSD’s upward movement from 1.5854 extended to as high as 1.6668. Support is now located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to...
EURUSD is in consolidation of the uptrend from 1.2747 (Apr 4, 2013 low). The sideways movement in the range between 1.3296 and 1.3892 could be expected to continue over the next several weeks, and one more fall...
The USD/JPY pair fell during the session on Friday, slamming into the 102 level. That area offered enough support to keep the market afloat, but as a result this market still looks quite a bit negative. However,...
The USD/CAD pair fell during the session on Friday, triggering the bottom of the shooting star and various sell signals. However, the 1.10 level should be supportive going forward, and as a result we are looking for...
The GBP/USD pair fell hard during the session on Friday, but found the 1.65 level supportive yet again. With that, we feel that the market will more than likely look for some type of supportive candle in...
The EUR USD pair rose during the session initially on Friday, but as you can see pulled back enough to form a nice shooting star. The shooting star is at the 1.37 level, an area that we...
The AUD/USD pair fell during the session on Friday, further continuing the downtrend that we’ve seen. This market looks like it’s destined to continue falling, and therefore we feel that the market is heading to the 0.85...
By Elliott Wave International On January 24, the DJIA, S&P and NASDAQ all lost close to two percent. On a day like that, it’s worth talking about the one indicator they don’t often mention on financial networks...
GBP/JPY has made a stellar rally in the past few trading days, thanks to improved fundamentals in the UK. However, yesterday’s yen strength triggered a sharp selloff, which could simply be a retracement for this pair. Right...
