The USD/JPY pair went back and forth during the session on Wednesday falling just below the 102 level. The candle going back and forth during the session on Wednesday suggests that we are trying to find some...
The USD/CAD market fell during the session on Wednesday, breaking below the 1.09 handle. Although we did not collapse, we do fear that this market is probably going to go lower, thereby causing us to sell this...
The GBP/USD pair initially fell during the session on Wednesday, but found enough support underneath in order to move the market higher. The 1.68 level should offer resistance, and as a result we need to clear the...
The EUR/USD pair rose during the session on Wednesday, continuing the bullish move that we’ve seen over the last three sessions. We are now heading towards the 1.3850 level, an area that could probably offer quite a...
The AUD/USD pair rose during the session on Wednesday, finding enough strength to break out above the highs from the previous session which of course was a breakout candle to begin with. Because of that, we feel...
AUD/JPY recently made a strong break and sustained rally past the 94.00 major psychological level but it appears that a quick correction might take place. The pair has retreated upon reaching the 96.00 major psychological resistance and...
By Elliott Wave International Despite the Fed’s leverage and its attempt to inflate throughout the economy, the deflationary pressures in the U.S. are overwhelming. Watch this six-minute clip from Steve Hochberg’s presentation at the Orlando Money Show....
USDCAD is facing 1.0910 support, a breakdown below this level will indicate that the uptrend from 1.0812 (Sept 19, 2013 low) had completed, then the following downward movement could bring price to 1.0000. Resistance is at 1.1025,...
USDCHF broke below the upward trend line on 4-hour chart, suggesting that the uptrend from 0.8699 had completed at 0.8952 already. Further decline could be expected after a minor consolidation, and next target would b eat 0.8750...
USDJPY is now in downtrend from 104.12. Deeper decline could be expected after a minor consolidation, and next target would be at 100.50 area. Resistance is at 102.30, as long as this level holds, the downtrend will...
