AUDUSD failed to break above 0.9373 resistance, and pulled back from 0.9343, indicating that the uptrend from 0.9238 had completed. Further decline would likely be seen, and next target would be at 0.9250 area. Resistance is at...
GBPUSD broke below 1.6657 support, indicating that the downtrend from 1.7190 has resumed. Further decline could be expected, and next target would be at 1.6500 area. Resistance is located at the downward trend line on 4-hour chart,...
EURUSD broke below 1.3333 support, and continued its downward movement from 1.3700, and the fall extended to as low as 1.3313. Further decline could be expected over the next several days, and next target would be at...
NZDUSD has been moving inside a falling channel on its 1-hour time frame, reflecting a short-term downtrend. Price has just found resistance at the top of the channel and is moving to the bottom. The channel support...
The USD/JPY pair initially fell during the course of the session on Monday, but found enough or below in order to bounce and go higher. The resulting hammer does suggests that the markets get ready to go...
The USD/CAD pair initially fell during the course of the day on Monday, but found enough support below to turn things back around and form a hammer. With that, the market ended up showing a significant amount...
The GBP/USD pair gapped higher at the open on Monday, and then simply sat there. We clear the 1.67 handle, and as a result we believe that this market will go higher. The 1.68 level is resistance...
The EUR/USD pair initially tried to rally during the beginning of the session on Monday, but turned back around and fell back into the consolidation area. The 1.3350 level offered support though, and as a result it...
The AUD/USD pair as you can see went back and forth during the course of the day on Monday, continuing to show the 0.93 level is an area where the buyers could step back into the marketplace....
By Elliott Wave International A moving average (MA) is one of the simplest technical tools an analyst or trader can use. The most common one is the simple moving average (SMA). A 200-period SMA often determines trend,...
