GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the rise from 1.6051 is likely consolidation of the downtrend. Near term resistance is at 1.6235, and the key resistance is at located at he falling trend line...
EURUSD is forming a sideways consolidation in a range between 1.2859 and 1.2987. As long as 1.2987 resistance holds, the downtrend from 1.3411 could be expected to resume, and another fall towards 1.2500 is still possible. Key...
AUDJPY has recently broken the major resistance level at the 96.00 psychological handle a few weeks back and made a strong rally to the 98.75 area. However, price appears to be retreating as traders booked profits and...
The USD/JPY pair broke higher during the course of the day on Tuesday, breaking above the 106 level. That being the case, the market ended up pulling back though based upon the large amount of resistance above....
The USD/CAD pair broke higher during the course of the day on Tuesday, slicing through the 1.10 level. However, the area above that important level pushed the market back down, forming a perfect shooting star. The shooting...
The GBP/USD pair went back and forth during the day on Tuesday, as we continue to see significant bearishness in this market. We think that any bouncer this point time will find quite a bit of resistance...
The EUR/USD pair broke lower during the day on Tuesday, but as you can see the 1.2850 level below offered enough support to turn things back around and form a hammer like candle. With that being the...
The AUD/USD pair fell hard during the session on Tuesday, slamming into the 0.92 region. This is an area that has been massively supportive in the past, which is the bottom of a larger consolidation area. This...
By Elliott Wave International One of the best aspects of technical analysis is also its biggest drawback: Namely, there are far too many indicators to choose from. Candlesticks to channels, Relative Strength Index to Bollinger Bands, double...
USDCAD broke above 1.0997 resistance, indicating that the uptrend from 1.0619 (Jul 3 low) has resumed. Further rise could be expected and next target would be at 1.1200 area. Support is at 1.0940, only break below this...
