The AUD/USD pair as you can see initially fell during the course of the session on Wednesday, but found enough support to turn things back around and form a hammer. We are just above the 0.80 level,...
AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame. A double bottom formation can be seen after the pair failed in its past two attempts to break below...
By Elliott Wave International Today’s lesson considers three ways to identify price support and resistance in the markets you trade. Previous highs and lows Trendline support Fibonacci Ratios These examples are adapted from Jeffrey Kennedy’s Trader’s Classroom...
USDCAD’s upward movement from 1.1156 extended to as high as 1.1873. Further rise could be expected, and next target would be at 1.2000 area. Support is at 1.1730, only break below this level will indicate that the...
USDCHF’s upward movement from 0.9553 extended to as high as 1.0175. Further rise could be expected, and next target would be at 1.0300 area. Support is at 1.0000, only break below this level could signal completion of...
USDJPY moved sideways in a trading range between 118.05 and 120.82. As long as 118.05 support holds, the price action in the range could be treated as consolidation of the uptrend. Resistance is at 120.82, a break...
AUDUSD remains in downtrend from 0.8795 (Nov 17, 2014 high), the price action in the trading range between 0.8035 and 0.8214 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and...
GBPUSD remains in downtrend from 1.5785, further decline could be expected after a minor consolidation, and next target would be at 1.4900 area. Resistance is at 1.5300, only break above this level could signal completion of the...
EURUSD continued its downward movement from 1.2569, and the fall extended to as low as 1.1801. Further decline could be expected, and next target would be at 1.1500 area. Resistance is at 1.2000, only break above this...
The USD/JPY pair fell during most of the session on Tuesday, but found enough support near the 118.50 level to turn things back around and form a little bit of a hammer. That being the case, it...
