USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Support is located at the trend line, as long as the...
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50, the fall from 107.39 is likely consolidation of the uptrend. Near term support is at 106.50, as long as this level...
AUDUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.9401 had completed at 0.8983 already. Range trading between 0.8983 and 0.9150 would likely be seen in a couple...
GBPUSD’s bounce from 1.6051 extended to as high as 1.6309, however, the bounce is likely consolidation of the downtrend from 1.7190 (Jul 15 high), as long as the trend line resistance holds, the downtrend could be expected...
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411. As long as the trend line resistance holds, the rise from 1.2859 could be treated as consolidation of the downtrend, and...
By Elliott Wave International Elliott Wave International’s Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Trader’s Classroom and one of our most popular instructors. Jeffrey’s primary analytical method is the Elliott Wave Principle, but...
AUDUSD has been on a strong downtrend since the start of the month but may be due for a quick correction after gapping down early this trading week. Price dipped below the .9000 major psychological level and...
The USD/JPY pair fell during the course of the day on Monday, but found a bit of support at the 107 level. Once we got that support, we ended up bouncing enough to form a hammer. This...
The USD/CAD pair fell hard during the session on Monday, but remains well above the 1.10 level. That level was the scene of a break out, and we feel that this market will more than likely try...
The GBP/USD pair fell slightly during the session on Monday, as the gap continues to push the market a little bit lower. However, if we can get above the 1.63 level, we feel that this market will...
