AUDUSD broke below 0.9349 support, indicating that the uptrend from 0.9208 had completed at 0.9437 already. Further decline would likely be seen, and next target would be at 0.9250 area. Resistance levels are at 0.9385 and 0.9437,...
GBPUSD is in consolidation of the uptrend from 1.6692. Range trading between 1.6900 and 1.7010 would likely be seen in a couple of days. Support is at 1.6900, as long as this level holds, the uptrend could...
EURUSD remains in downtrend from 1.3676, the range trading between 1.3512 and 1.3586 is likely consolidation of the downtrend. Another fall to test 1.3502 support could be expected, a breakdown below this level will signal resumption of...
After the sharp rally in the past couple of days, GBP/USD is now stalling at a major psychological resistance level, which is also around the yearly highs at 1.7000. Stochastic is moving down, which means that pound...
The USD/JPY pair fell during most of the session on Monday, but bounced and gave back about half of the losses. The resulting candle is a hammer, which shows the 101.50 level to be supportive again. Nonetheless,...
The USD/CAD pair went back and forth during the session on Monday, showing that the 1.08 area continues to be supportive. With this candle, it shows that the market is probably struggling to find any real direction...
The GBP/USD pair tried to break out and above the 1.70 handle during the session on Monday. However, as you can see we ended up turning back around and forming a shooting star. With this candle, we...
The EUR/USD pair initially fell during the course of the session on Monday, but found support near the 1.35 level yet again. This area continues to bring in buyers, and as a result we feel that the...
The AUD/USD pair went back and forth during the course of the session on Monday, showing the 0.9350 level to be supportive again. This area is the site of the recent breakout, so it’s not a big...
By Elliott Wave International Enjoy this clip from a recently recorded presentation by Steve Hochberg, our Chief Market Strategist. You will learn about one timeless market indicator you can use again and again — and again. Enjoyed...
