The EUR/USD pair tried to rally during the course of the session on Wednesday, but as you can see pullback to form a shooting star. The shows that the market is still confused, and we should in...
The AUD/USD pair did nothing during the session on Wednesday, as we continue to hang just below the 0.79 level. With that being the case, the market has a significant amount resistance all the way to the...
AUDJPY recently made a strong break past the 93.50 minor psychological resistance then zoomed up to the 94.00 handle. From there, the pair retreated and started to make a forex correction to the Fib levels marked on...
By Elliott Wave International Editor’s note: This article is excerpted from The State of the Global Markets Report — 2015 Edition, a publication of Elliott Wave International, the world’s largest financial forecasting firm. Data is updated to...
USDCAD is facing 1.2352 support again, a breakdown below this level will bring price to 1.2200 area. However, as long as 1.2352 support holds, the price action from 1.2797 could be treated as consolidation of the uptrend...
USDJPY is in downtrend from 120.47, the bounce from 118.23 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and the target would be at 116.50 area. Support is at 118.23, a breakdown...
AUDUSD broke above 0.7875 resistance, indicating that lengthier consolidation of the downtrend from 0.8294 is underway. Further rise could be expected, and the target would be at 0.8000 area. On the downside, a clear break below the...
GBPUSD’s upward movement from 1.4950 extended to as high as 1.5551. Further rise could be expected, and next target would be at 1.5650 area. Support is located at the upward trend line on 4-hour chart, only a...
EURUSD continued its sideways movement in a range between 1.1261 and 1.1450. The price action in the range is likely consolidation of the downtrend from 1.1534, further decline to test 1.1097 support is possible after consolidation.
GBPUSD is currently trading in an uptrend, as a rising channel can be drawn on its 1-hour forex chart. At the moment, the pair is approaching the channel resistance while stochastic is indicating that pound bulls are...
