The US Dollar has rallied to multi-year highs as forex traders grow more confident that the US Federal Reserve will raise interest rates sooner than previously expected. Expectations now call for an increase in interest rates by...
USDCAD’s upward movement from 1.0619, and the rise extended to as high as 1.1168. Further rise could be expected overt he next several weeks, and next target would be at 1.1500 area. Near term support is at...
USDCHF remains in uptrend from 0.8855, and the rise extended to as high as 0.9520. Further rise is still possible, and next target would be at 0.9700 area. Support levels are at 0.9430 and 0.9299, only break...
USDJPY remains in uptrend from 101.06, and the rise extended to as high as 109.53. Support is now located at the bottom of the price channel on daily chart. As long as the channel support holds, the...
AUDUSD continued its downward movement from 0.9401, and the fall extended to as low as 0.8747. Further decline to test 0.8660 support is possible next week. Resistance is at 0.8850, only break above this level will indicate...
GBPUSD remains in downtrend from 1.7190, the rise from 1.6051 is likely consolidation of the downtrend. Range trading between 1.6051 and 1.6700 would likely be seen over the next several weeks. Key resistance is at 1.6700, as...
EURUSD continued its downward movement from 1.3700, and the fall extended to as low as 1.2676. Further decline is still possible after a minor consolidation, and next target would be at 1.2200 area. Resistance is at 1.2900,...
By Elliott Wave International Editor’s note: The following article was republished here with permission from the co-editors of the September issue of The Elliott Wave Financial Forecast, a publication of Robert Prechter’s Elliott Wave International, the world’s...
The USD/JPY pair went higher during the course of the day on Friday, testing the 109.50 level. Because of this, we feel that the market will eventually break out above the 110 level, but it’s going to...
The USD/CAD pair initially fell during the day on Friday, but found buyers below at the 1.11 handle, and then shot higher. That being the case, it appears of this market is heading to the 1.12 level...
