EURUSD is moving inside a rising channel on its 1-hour forex chart, with price just finding resistance at the top of the range. Stochastic is moving lower, indicating that sellers are in control of price action for...
The USD/JPY pair broke higher during the course of the day here on Wednesday, as we tested the 118 handle. Because of this, it looks like the USD/JPY pair is ready to continue going higher over the...
The USD/CAD pair initially fell during the course of the day on Wednesday, but found the 1.13 level to be supportive enough to turn things back around. By doing so, we ended up forming a hammer, and...
The GBP/USD pair broke higher during the course of the day on Wednesday, testing the 1.57 handle. That being the case, the market looks as if it is ready to perhaps bounce around little bit we still...
The EUR/USD pair tried to rally during the course of the day on Wednesday, but as you can see ran into trouble at the 1.26 level yet again and fell to form a shooting star. Because of...
The AUD/USD pair fell during the course of the session on Wednesday, as we continue to see weakness in the Australian dollar in general. After all, the market heads down to the 0.85 handle, and then ultimately...
By Elliott Wave International For the economies of Europe, the past few months have felt like one long ice-bucket challenge that never ends: A perpetual state of shock induced by the bone-chilling fact that deflation “…has become...
USDCAD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will signal completion of the downtrend from 1.1466, then the following upward movement could bring price...
USDCHF’s downward movement from 0.9739 extended to as low as 0.9531. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.9500 area. Resistance is located...
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 118.36. Near term support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the...
