The GBP/USD pair initially fell during the course of the day on Tuesday, but found enough support at the 1.63 handle to turn things back around and form a hammer. This is an excellent place to see...
The EUR/USD pair broke higher during the course of the day on Tuesday, but found enough resistance near the 1.29 level to turn things back around and form a shooting star. The shooting star of course is...
The AUD/USD pair initially tried to rally during the course of the day on Tuesday, but found the markets disagreeable. With that, we have broken down below the bottom of the hammer from the Monday session, and...
NZDUSD might be due for a strong bounce, as the pair is testing the bottom of the ascending trend channel on its daily time frame. Trade balance from New Zealand came in better than expected as it...
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...
USDCAD is facing 1.1098 resistance, a break of this level will signal resumption of the uptrend from 1.0810, then next target would be at 1.1200 area. Support is at 1.0985, only break below this level could trigger...
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8997, the fall from 0.9432 is likely consolidation of the uptrend. Near term support is located at the trend line and the...
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50, the fall from 109.45 could be treated as consolidation of the uptrend. Key support is now at 108.24, as long as...
AUDUSD remains in downtrend from 0.9401, and the fall extended to as low as 0.8831. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend...
GBPUSD remains in uptrend from 1.6051, the fall from 1.6524 is likely consolidation of the uptrend. Near term support is at the upward trend line on 4-hour chart, and the key support is at 1.6283, as long...
