The EUR/USD pair initially rallied at the open on Monday as it was announced that a deal was reached in the Greek debt crisis. However, the Greek still have to vote in Parliament, and on top of...
The AUD/USD pair went back and forth during the day on Monday, as we continue to bounce around the 0.74 level. With that, we believe that the market should continue to be very tight, but as long...
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair...
By Elliott Wave International The Shanghai Composite fell another 8% at the open on Wednesday (July 8). Trading was soon halted by the authorities. (But for a different reason that the trading halt on the NYSE the...
By Elliott Wave International Editor’s note: You’ll find the text version of the story below the video. In December 2009, Greece was encumbered with debt amounting to 113% of GDP (nearly double the Eurozone limit of 60%)....
USDCAD is facing 1.2835 resistance, a break of this level will indicate that the long term uptrend from 0.9632 (Sept 14, 2012 low) has resumed, then next target would be at 1.4000 area. Near term support is...
USDJPY remains in the long term uptrend from 75.57 (Oct 31, 2011), the fall from 125.85 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long...
AUDUSD’s downward movement from 0.8162 extended to as low as 0.7371. Further decline is still possible after a minor consolidation, and next target would be at 0.7000 area. Resistance is now at 0.7600, only break above this...
GBPUSD remains in uptrend from 1.4565, the price action from 1.5814 is likely consolidation of the uptrend. Key support is at 1.5170, as long as this level holds, the uptrend could be expected to resume, and one...
EURUSD is forming a sideways consolidation in a range between 1.0819 and 1.1467. As long as 1.0819 support holds, the uptrend from 1.0462 could be expected to resume, and another rise towards 1.3000 is still possible. However,...
