The EUR/USD pair fell during the course of the day on Tuesday, testing the 1.2650 level for support. However, we believe that this market will ultimately go back down to the 1.25 handle, an area of significant...
The AUD/USD pair fell hard during the course of the day on Tuesday, showing the 0.88 level as been resistance. Because of this, it appears that the market is going to try to go down to the...
EURUSD may be in for another set of losses, as the pair formed a reversal chart pattern on its 1-hour time frame. A double top formation can be seen, with price nearing the neckline around the 1.2600...
By Elliott Wave International You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there...
USDCAD broke above 1.1269 resistance, indicating that the uptrend from 1.0810 (Aug 29 low) has resumed. Further rise could be expected, and next target would be at 1.1500 area. Support is now located at the upward trend...
USDCHF failed to break below 0.9468 support, and stayed in the trading range between 0.9468 and 0.9687. However the rise from 0.9468 is likely consolidation of the downtrend from 0.9687, one more fall to 0.9400 area is...
USDJPY remains in downtrend from 110.08, and the fall extended to as low as 106.67. Further decline is still possible and next target would be at 106.00 area. Resistance is at 108.20, only break above this level...
AUDUSD is facing 0.8642 support again, a breakdown below this level will signal resumption of the downtrend from 0.9401, then next target would be at 0.8400 area. On the other side, as long as 0.8642 support holds,...
GBPUSD broke below 1.5951 support, indicating that the downtrend from 1.7190 (Jul 15 high) has resumed. Further decline could be expected, and next target would be at 1.5600 area. Resistance is at 1.6020, only break above this...
EURUSD failed to break above 1.2791 resistance, and stayed in the trading range between 1.2500 and 1.2791. However, the fall from 1.2791 would possibly be correction of the uptrend from 1.2500, as long as 1.2500 support holds,...
