The USD/JPY pair initially fell during the day on Monday, but found enough support at the 118.50 level to turn things back around. Ultimately, we feel that the market should continue to go higher now, as the...
The USD/CAD pair did very little during the session on Monday, as we continue to hang about the 1.22 handle. We did form a hammer on Friday though, so we could be getting ready to bounce a...
The GBP/USD pair fell during the course of the session on Monday, but more importantly broke down below the bottom of the shooting star from Friday. Because of this, we have become bearish of this pair yet...
The EUR/USD pair did almost nothing during the session, ending with a slightly bearish candle. However, looks at the pair is getting ready to “roll over”, and with that we feel that the market is probably heading...
The AUD/USD pair initially tried to rally during the day on Monday, but as you can see turned back around and fell rather significantly. In fact, we tested the 0.77 level, and as a result it looks...
USDCAD has been trading lower in the past few days, after breaking below support at the 1.2450 minor psychological level. Since then, the pair has tested support at the 1.2100 major psychological level and showed signs of...
USDJPY has been consolidating tightly recently, as the pair even formed a long-term triangle formation on the daily chart. The pair has created higher lows and found resistance at the 121.00 handle, forming an ascending triangle chart...
By Elliott Wave International Editor’s note: This article is from Elliott Wave International’s brand-new investment report, “U.S. Investors Face a Giant, Historic Bubble.” It originally appeared in the March issue of The Elliott Wave Theorist, published March...
By Elliott Wave International Editor’s note: This article is from Elliott Wave International’s brand-new investment report, “U.S. Investors Face a Giant, Historic Bubble.” It originally appeared in the April issue of The Elliott Wave Financial Forecast, published...
USDCAD broke below 1.2200 support, indicating that the uptrend from 1.0619 (Jul 3, 2014 low) had completed at 1.2835 already. Further decline could be expected, and next target would be at 1.1500 area. Resistance is at 1.2450,...
