The USD/CAD pair broke higher during the course of the session on Friday, but still remains a bit capped in this area. We believe that the 1.15 level will eventually break out and above though, and with...
The GBP/USD pair continues to grind lower as you can see, as the market now looks like its set to go towards the 1.55 handle. A break below the 1.58 level, we believe that’s essentially the “greenlight”,...
The EUR/USD pair fell hard during the session on Friday, breaking down below the 1.24 level. With that being the case, look like the sellers are in complete control and we should continue to go much lower....
The AUD/USD pair fell during the course of the session here on Friday, but continues to offer a “one-way trade. With that being the case, we feel that eventually the market will head to the 0.80 handle,...
Here are the Top 5 Forex Developments for the trading week between 11/03/14 and 11/07/14: Number One: US NFP Report Today forex traders received the NFP report out of the US for the month of October. The...
By Elliott Wave International As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI’s currencies expert, Jim Martens, discusses the pros and cons of trading forex vs. trading stocks....
The USD/JPY pair broke higher during the course of the day on Thursday, slicing through the 115 level. However, we are still in the midst of the shooting star from the Wednesday session, so we have not...
USD/CAD pair broke higher during the course of the day on Thursday, but could not break above the top of the shooting star. It is because of this that we aren’t quite ready to serve buying. We...
The GBP/USD pair fell hard during the course of the day on Thursday, breaking the back of the hammer from the Wednesday session. This is a very negative sign, and we believe the continuation is more than...
The EUR/USD pair broke down during the session on Thursday, signaling a lower. With that being the case, it appears that the market should continue to drift lower, aiming for the 1.2050 level which is our longer-term...
