Forex traders received plenty of data out of China today which continue to point towards a slowing Chinese economy. China, now the world’s biggest economy, is responsible for the majority of Asian as well as global economic...
The USD/JPY pair initially gapped higher at the open on Monday, but turned back around to fill the gap and test the 107 level for support. If we can break above the top of the range for...
The USD/CAD pair initially fell during the course of the day, but ultimately break out to the upside. It looks as if we still see plenty of support below, and extending all the way to the 1.12...
The GBP/USD pair broke higher during the course of the day on Monday, heading higher and aiming for the 1.62 handle. The 1.63 handle above is where we expect a lot of resistance to come into play,...
The EUR/USD pair initially fell during the session on Monday, but pushed higher and when above the 1.28 level during the day. Ultimately though, it appears that the market is ready to test the resistance barrier above,...
The AUD/USD pair did almost nothing during the session on Monday, testing the 0.88 level above for resistance. The market looks very stagnant at this point in time, and the fact that we can’t really make any...
EURJPY has pulled up from its continuous dive in the past month and appears to be making a quick correction. For now, it is stalling at the 38.2% Fibonacci level, which is aligned with a former support...
By Elliott Wave International In case you’ve been roving Mars for the past month, you’ve missed quite a fiasco from the world’s leading stock market: “Since it topped out last month, the Dow has suffered eight triple...
USDCAD remains in uptrend from 1.0886, the fall from 1.1385 could be treated as consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart. As long as the channel support...
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9687. As long as the trend line resistance holds, the rise from 0.9370 could be treated as consolidation of the downtrend. Further...
