By Elliott Wave International Lots of media stories say the Federal Reserve is weighing signs of economic strength to see if the economy is ripe for higher interest rates. In truth, economic weakness has appeared on various...
USDCAD remains in uptrend from 1.0619 (Jul 3, 2014 low), the sideways movement in the range between 1.2351 and 1.2835 is likely consolidation of the uptrend. Key support is at 1.2351, as long as this level holds,...
USDJPY remains in uptrend from 101.06 (Jul 10, 2014 low), the sideways movement in the range between 115.56 and 122.02 could be treated as consolidation of the uptrend. Support is at 115.56, as long as this level...
After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the price action in the trading range could...
GBPUSD’s bounce from 1.4634 extended to as high as 1.5162. Further rise to test the resistance of the top of the price channel on daily chart is possible. As long as the channel resistance holds, the rise...
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462 could be treated as consolidation of the downtrend. Resistance is located at the...
EURGBP has been trading in a short-term uptrend for most of the month, as an ascending trend line can be drawn to connect its recent lows. Price has formed a bullish divergence, with stochastic making lower lows...
The USD/JPY pair fell during the course of the session on Wednesday, but found enough support at the 119 level again to turn things back around and form a hammer for the second day in a row....
The USD/CAD pair rose slightly during the session on Wednesday, as the 1.25 level offered a bit of support. If we can break above the top of the hammer from the Tuesday session, we would be buyers...
The GBP/USD pair broke higher during the course of the session on Wednesday, but found the 1.50 level to be far too resistive and turned back around to form a shooting star. If we can break down...
