The USD/CAD pair tried to break above the 1.10 level during the day on Wednesday, but turned back around and fell hard. Because of this, we feel that the market is probably heading back to the 1.0850...
The GBP/USD pair as you can see initially fell during the course of the day on Wednesday, but bounced enough to head back towards the 1.62 level. We are just below a gap from the beginning of...
The EUR/USD pair had a fairly calm session as we continue to bounce around in the general vicinity. We seem to be attracted to the 1.29 level, we think ultimately this market will break out to the...
The AUD/USD pair fell during most of the session on Wednesday, but bounce significantly off of the 0.91 handle, as we formed a massive hammer. That being the case, if we break the top of the hammer,...
NZDJPY has been moving in a steady uptrend inside a tight ascending channel on its 4-hour chart. Price is currently testing the channel support near the 87.50 minor psychological level while stochastic is almost in the oversold...
By Elliott Wave International You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models. Why did the traditional financial models fail? And more importantly, will they warn us of a new...
USDCAD remains in uptrend from 1.0810, the fall from 1.1031 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long as the trend line support...
USDCHF remains in uptrend from 0.8997, and the rise extended to as high as 0.9395. Near term support is at 0.9314, as long as this level holds, the uptrend could be expected to continue, and next target...
USDJPY remains in uptrend from 101.50, and the rise extended to as high as 106.88. Further rise could be expected after a minor consolidation, and next target would be at 108.00 area. Near term support is at...
AUDUSD remains in downtrend from 0.9401, the rise from 0.9112 is likely consolidation of the downtrend. Resistance is at 1.9250, as long as this level holds, the downtrend could be expected to resume, and another fall towards...
