USDCHF remains in uptrend from 0.8702, the fall from 0.8995 is likely consolidation of the uptrend. Support is at 0.8932, as long as this level holds, the uptrend could be expected to continue, and next target would...
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 100.83, and the rise extended to as high as 102.79. Further rise could be expected and next target would be at 103.50...
AUDUSD continued its sideways movement in a range between 0.9208 and 0.9329. Support is at 0.9202, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then the following downward movement...
GBPUSD moved sideways in a range between 1.6692 and 1.6782. As long as 1.6782 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6920, one more fall to 1.6600...
EURUSD continued its sideways movement in a range between 1.3586 and 1.3668. As long as 1.3668 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993, another fall to...
NZD/USD selloff might soon hit a floor, as the pair is approaching the .8400 major psychological support level. This is in line with a former resistance level and the 50% Fibonacci retracement. Stochastic has been indicating oversold...
The USD/JPY pair initially fell during the session on Monday, but as you can see ended up bouncing enough to form a hammer by the end of the day. This hammer of course suggests that the markets...
By Elliott Wave International Very few people know that the United States did not create a monetary unit pegged to “buy” some amount of metal, as if the dollar were some kind of money independent of metal....
USDCAD’s upward movement from 1.0822 extended to as high as 1.0935. Further rise is still possible and next target would be at 1.0980 area. Support is at 1.0890, only break below this level could bring price back...
USDCHF remains in uptrend from 0.8702, as long as 0.8932 support holds, the uptrend could be expected to continue, and next target would be at 0.9050 area. Only a breakdown below 0.8932 support will indicate that the...
