The AUD/USD pair broke higher during the course of the day on Thursday, but found the 0.92 level to be far too resistive in order to go higher. That being the case, we ended up turning back...
CADJPY is on a short-term uptrend, as a rising trend line can be drawn to connect price lows since August on its 1-hour forex chart. Price is currently testing this ascending support zone and may be due...
Elliott Wave International’s Chief Market Analyst Steve Hochberg recently traveled to the San Francisco Money Show to present his outlook on the major U.S. markets to a packed workshop of subscribers and other Elliott-minded investors. “Extreme opinions,...
USDCAD’s upward movement from 1.0810 extended to as high as 1.1058. Further rise is still possible, and next target would be at 1.1200 area. Support is located at the lower line of the price channel on 4-hour...
USDCHF remains in uptrend from 0.8997, the fall from 0.9395 is likely consolidation of the uptrend. Near term support is at 0.9314, as long as this level holds, the uptrend could be expected to resume, and another...
USDJPY’s upward movement from 101.50 extended to as high as 107.29. Further rise could be expected, and next target would be at 108.00 area. Near term support is at 106.60, and the key support is located at...
AUDUSD’s downward movement from 0.9401 extended to as low as 0.9059. Further decline could be expected after a minor consolidation, and next target would be at 0.8900 area. Resistance is at 0.9155, as long as this level...
GBPUSD’s bounce from 1.6051 extended to as high as 1.6276, 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 continued its sideways movement in a range between 1.2859 and 1.2987. As long as 1.2987 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3411, another fall towards 1.2500 could be...
The USD/JPY pair rose again during the session on Wednesday, breaking the top of the shooting star from the Tuesday session. Because of this, we feel that this market certainly has plenty of bullish pressure underneath it...
