The USD/JPY pair broke higher during the course of the session on Monday, testing the 120 handle. However, we need to break above there in order to start buying as it is of course a round number....
The USD/CAD pair initially fell during the course of the day on Monday, but as you can see we found support yet again at the 1.16 level. That being the case, we think that the US dollar...
The GBP/USD pair broke down during the session on Monday, testing the 1.5575 region. That being the case, it looks like we are trying to break down below support, and that the downward trend could continue. However,...
The EUR/USD pair tried to rally during the course of the session on Monday, but as you can see struggled to keep most of the gains. With that being the case, we believe that this market will...
The AUD/USD pair fell during the session on Monday, but we remain within the consolidation area that we have been stuck in. With that being said, we believe that ultimately this market will break down and then...
By Elliott Wave International I am tired of hearing people insist that the Fed can expand credit all it wants. Sometimes an analogy clarifies a subject, so let’s try one. It may sound crazy, but suppose the...
USDCAD moved sideways in a narrow range between 1.1560 and 1.1673. The price action in the range is likely consolidation of the uptrend from 1.1191. As long as the trend line support holds, the uptrend could be...
No changed in our view, USDCHF remains in uptrend from 0.9552, further rise could be expected after a minor consolidation, and next target would be at 1.0000 area. Support is at 0.9750, only break below this level...
USDJPY remains in short term uptrend from 115.56, further rise to test 121.84 resistance could be expected, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct 15 low), then the...
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8794. Further decline would likely be seen, and next target would be at 0.8000 area. Key resistance is at 0.8275, only break...
