AUDUSD broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 0.9080 had completed at 0.8890 already. Further rise could be expected, and next target would be at 0.9150 area....
GBPUSD stays in a trading range between 1.6582 and 1.6822. As long as 1.6582 key support holds, the uptrend from 1.6252 could be expected to resume, and one more rise towards 1.7000 is still possible. On the...
EURUSD is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, the price action form 1.3773 could be treated as consolidation of the uptrend from 1.3477, one...
Today’s ADP report out of the US delivered a drastic blow to bullish expectations for a positive non-farm payroll report on Friday which will cover the month of February. December as well as January showed a US...
The USD/JPY pair rose significantly during the session on Tuesday, as the bottom of the consolidation yet again offered support. We are longer-term bulls when it comes to this pair, and believe that the next significant barrier...
The USD/CAD pair did very little during the session on Tuesday, but did manage to test the 1.11 handle. We break out above it, but it does look like the markets ready to continue grinding sideways. We...
The GBP/USD pair try to rally during the session on Tuesday, but as you can see pulled back. The resulting candle was a shooting star, so it is possible that we drift lower from here. However, we...
The EUR/USD pair rose during the session on Tuesday, but failed at the 1.38 resistance area in order to turn things back around and form a shooting star. The shooting star of course suggests that the pair...
The AUD/USD pair rose during the session on Tuesday, but found resistance just above the 0.8950 level. This market has plenty of resistance all the way to the 0.91 handle, so therefore we are simply waiting for...
By Elliott Wave International Editor’s note: You’ll find a text version of this article below the video. For 3 years, Russia’s stock market has been drifting lower. Here is why that’s important. The stock market shows the...
