The rising channel on AUD/USD’s 1-hour forex chart is still holding and it appears the pair found resistance at the .9500 major psychological level, which lines up with the top of the channel. At the same time,...
The USD/JPY pair rose during the course of the session on Tuesday, showing the support that we had anticipated previously. The fact that this market now shows support suggests to us that in fact the longer-term consolidation...
The USD/CAD pair fell during the session on Tuesday, but remains above the 1.06 handle. It is not until we clear that area to the downside that we are comfortable selling. In fact, with the nonfarm payroll...
The GBP/USD pair continued its bullish move on Tuesday, breaking above the 1.7150 level. The action from the Tuesday session suggests that the market is in fact going to continue going higher, as we try to get...
The EUR/USD pair fell during the session on Tuesday, as the 1.37 level did in fact offer resistance. This is been the case for this level for some time now, and although we did shoot through quite...
The AUD/USD pair did in fact have a strong move during the session on Tuesday, but failed to break above the 0.95 level. Because of this, we are a bit hesitant to go long at this point...
By Mark Galasiewski, editor of Elliott Wave International’s monthly Asian-Pacific Financial Forecast We have for many years observed a relationship between extremism and bear markets in the stock markets of Muslim nations. For example, this chart shows...
USDCAD remains in downtrend from 1.0960, and the fall extended to as low as 1.0628. Near term resistance is located at the falling trend line on 4-hour chart. As long as the trend line resistance holds, the...
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9012. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
USDJPY’s bounce from 101.23 extended to as high as 101.64. As long as 101.85 resistance holds, the bounce could be treated as consolidation of the downtrend from 102.79, another fall to 100.90 area is still possible after...
