The AUD/USD pair initially fell during the session on Thursday, but you can see found enough support below in order to bounce and form a hammer. This hammer of course suggests that we are going to try...
After that hawkish BOE inflation report, GBP/AUD made a strong break above the neckline of the double bottom pattern earlier this week. However, after finding resistance at the 1.8600 handle, the pair looks ready to make a...
USDCAD broke below 1.0967 support, suggesting that the downtrend from 1.1224 has resumed. Further decline could be expected, and next target would be at 1.0800 area. Resistance is at 1.1100, only break above this level could signal...
USDCHF broke below 0.8940 support and continued its downward movement from 0.9081. Further decline could be expected, and next target would be at 0.8850 area. Resistance is at the downward trend line on 4-hour chart, as long...
USDJPY stays in a downward price channel on 4-hour chart, and remains in downtrend from 105.44, the rise from 100.75 could be treated as consolidation of the downtrend. As long as the channel resistance holds, the downtrend...
AUDUSD stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8660. Further rise to test 0.9085 resistance would likely be seen, a break above this level will indicate that the downtrend from...
GBPUSD broke above 1.6668 resistance, suggesting that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.6800 area. Support is at...
EURUSD is facing the channel resistance again. A clear break above the upper line of the channel will indicate that the downtrend from 1.3892 (Dec 27, 2013 high) had completed at 1.3477 already, then the following upward...
By Elliott Wave International Last fall, the editor of Elliott Wave International’s Currency Pro Service, Jim Martens, observed a beautiful pattern in the chart of the Japanese yen. This pattern, called a triangle in Elliott wave terms,...
The euro might be under fresh selling pressure as an ECB official recently spoke of the possibility of negative deposit rates in the region. On its 1-hour time frame, the pair is testing a falling trend line...
