NZDUSD is moving inside a rising wedge pattern on its 1-hour forex chart and is currently testing the top of the range. A bearish divergence can be seen, as price made higher highs while stochastic had lower...
By Elliott Wave International As the euro clings to the guardrail of a 7- (no, wait) 9- (Doh! there it goes again) now 11-year low, debate over the future of the eurozone’s currency rages on. And in...
USDCAD is testing 1.2352 support, a breakdown below this level will indicate that the downtrend from 1.2797 has resumed, then deeper decline to 1.2200 area could be seen. On the other side, as long as 1.2352 support...
USDJPY remains in downtrend from 120.47. Further decline could be expected after a minor consolidation, and the target would be at 116.50 area. Key resistance is at 120.47, only break above this level will indicate that the...
AUDUSD is testing 0.7875 resistance. As long as this level holds, the price action in the trading range between 0.7625 and 0.7875 could be treated as consolidation of the downtrend from 0.8294 (Jan 15 high), another fall...
GBPUSD’s upward movement from 1.4950 extended to as high as 1.5479. Support is at 1.5315, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.5500 area. On...
EURUSD continued its sideways movement in a range between 1.1261 and 1.1534. Support is at 1.1261, a breakdown below this level will signal resumption of the downtrend from 1.2569 (Dec 16, 2014 high), then the following downward...
The USD/JPY pair broke higher during the session on Tuesday, breaking above the 119 level. Ultimately, this market looks as if it is ready to go higher and as a result we are buyers. We believe that...
The USD/CAD pair fell during the session on Tuesday, testing the 1.24 level for support. It did in fact find support there though, and as a result we formed a little bit of a hammer. The hammer...
The GBP/USD pair fell initially during the course of the day on Tuesday, but found enough support near the 1.53 level to turn things back around and form a bit of a hammer. This of course is...
