The GBP/USD pair fell during the session on Thursday, but found enough support at the 1.6650 level to bounce and form a hammer. This hammer should signal a bounce to the 1.68 level. The area will feature...
The EUR/USD pair went back and forth during the day on Thursday, but formed a shooting star yet again. Every time this market rallies, the sellers step been to push it back down. With that, if we...
AUD/USD initially fell during the course of the day on Thursday, but found enough support just below the 0.93 level to turn things back around and form a bit of a hammer. If we can break the...
By Elliott Wave International The following article was written by Elliott Wave International’s Senior Instructor Jeffrey Kennedy to show what you can expect from a market at the completion of various Elliott wave patterns. Jeffrey, a Chartered...
USDCAD is facing 1.0875 support, a breakdown below this level will indicate that the uptrend from 1.0619 had completed at 1.0985 already, then deeper decline to 1.0700 area could be seen. On the upside, as long as...
USDCHF continued its sideways movement in a range between 0.9032 and 0.9114. As long as 0.9032 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.8855, another rise towards 0.9200 is still...
USDJPY’s upward movement from 101.50 extended to as high as 102.65. Further rise is still possible, and next target would be at 102.90 area. Support is at 102.20, only break below this level could trigger another fall...
AUDUSD remains in downtrend from 0.9470, the price action from 0.9275 could be treated as consolidation of the downtrend. Key resistance is at 0.9373, as long as this level holds, the downtrend could be expected to resume,...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, further decline could be expected after a minor consolidation, and next target would...
EURUSD moved sideways without trend in a narrow range between 1.3333 and 1.3444. The sideways move is likely consolidation of the downtrend from 1.3700. As long as 1.3444 resistance holds, the downtrend could be expected to resume,...
