EURNZD has been trading in a downtrend and is currently testing the descending trend line on its 4-hour forex chart. The falling resistance level might hold for now, as stochastic is indicating overbought conditions and is showing...
By Elliott Wave International Editor’s note: With permission, this article was adapted from the January 2015 issue of The Elliott Wave Financial Forecast. For one week only, EWI is throwing open the doors to its big-picture U.S....
USDCAD’s upward movement from 1.1560 extended to as high as 1.2114. Further rise could be expected, and next target would be at 1.2200 area. Support is now at 1.1900, only break below this level could signal completion...
USDJPY’s upward movement from 115.85 extended to as high as 118.86. Further rise to test 120.82 resistance is possible, a break of this level will signal resumption of the longer term uptrend from 101.06 (Jul 10, 2014...
AUDUSD is in short term uptrend from 0.8032, the fall from 0.8294 is likely consolidation of the uptrend. Further rise to 0.8350 area to complete the upward movement is possible. Support is located at the upward trend...
GBPUSD is forming a sideways consolidation of the downtrend from 1.5785. Range trading between 1.5034 and 1.5300 would likely be seen in a couple of days. Resistance is at 1.5300, as long as this level holds, the...
EURUSD is in consolidation of the downtrend from 1.2569. Range trading between 1.1459 and 1.1870 would likely be seen in a couple of days. Key resistance is at 1.1870, as long as this level holds, the downtrend...
Last week’s SNB decision to remove the franc peg resulted to a massive rally for the Swiss currency and a 2000-pip selloff for EURCHF. According to SNB Chairman Thomas Jordan, this decision was made in anticipation of...
The USD/JPY pair broke higher during the course of the session on Monday, but did not cleared the resistance that we have seen over the last several sessions. With that, if we can break above the 118...
The USD/CAD pair did very little during the session on Monday which of course was not a surprise. Most of the volume in this market comes out of North America, and the fact that it was Martin...
