The EUR/USD pair tried to rally during the session on Tuesday, but found enough resistance above to turn things back around and fall. The market close towards the lows of the day, basically predicated upon buying the...
The AUD/USD pair fell during the bulk of the session on Tuesday, but found enough support below the 0.9250 level to form a hammer. This hammer is immediately preceded by a shooting star, so we feel that...
A double bottom pattern can clearly be seen on the daily chart of AUD/NZD, indicating that the recent downtrend is coming to an end. The neckline of the formation is around the 1.0900 to 1.0930 levels, although...
By Elliott Wave International The one-two punch 2014 winter storms that battered the southeastern United States left $13.5 million in damages in Georgia alone and thousands of residents displaced due to burst pipes and power outages. I...
USDCAD moved sideways in a narrow range between 1.1000 and 1.1053. As long as 1.1000 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0857, one more rise to...
USDCHF’s fall from 0.8861 extended to as low as 0.8770. However, the fall is likely correction of the uptrend from 0.8743, one more rise to 0.8900 area to complete the upward movement is still possible. Key support...
USDJPY is facing 102.72 resistance, a break above this level will indicate that the uptrend from 101.32 has resumed, then the following upward movement could bring price to 104.50 area. On the downside, as long as 102.72...
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, and the fall extended to as low as 0.9227. Near term resistance is at the upper line of the channel, as...
After breaking above 1.6841 resistance, GBPUSD pulled back from 1.6857, indicating that lengthier consolidation for the uptrend from 1.6465 is needed. Range trading between 1.6750 and 1.6860 would likely be seen in a couple of days. Key...
EURUSD broke above 1.3864 resistance. However, the rise from 1.3785 is likely consolidation of the downtrend from 1.3905, one more fall to 1.3750 area to complete the downward movement is still possible after consolidation. Resistance is at...
