The AUD/USD pair broke higher during the course of the session on Tuesday, testing higher levels as we reach towards the 0.75 level. The 0.75 level of course should be resistive as it has been before, and...
After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level. This coincides with a broken support level around the 1.0950 minor psychological level and the 200 SMA resistance,...
NZDJPY has formed a double bottom pattern on its 1-hour chart, signaling that a short-term reversal could be possible. Price found support at the 81.00 major psychological mark and resistance at the 83.00 major psychological level, which...
NZDUSD could be in for a correction early this week, as the pair bounced off its recent lows around the .6500 major psychological level. Applying the Fibonacci retracement tool on the latest swing high and low shows...
USDCAD broke above 1.2835 resistance, indicating that the long term uptrend from 0.9632 (Sept 14, 2012 low) has resumed. Further rise could be expected, and next target would be at 1.4000 area. Support levels are at 1.2800...
USDJPY failed to break below the bottom of the upward price channel on daily chart, indicating that the pair remains in long term uptrend from 75.57 (Oct 31, 2011), and the fall from 125.85 could be treated...
AUDUSD remains in downtrend from 0.8162, and the fall extended to as low as 0.7349. Near term resistance is at 0.7500, as long as this level holds, the downtrend could be expected to continue, and next target...
GBPUSD stays in a trading range between 1.5170 and 1.5929. As long as 1.5170 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4565, and further rise to 1.6500...
EURUSD is facing 1.0819 support, a breakdown below this level will indicate that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed, then the following downward movement could bring price to 1.0000 area. On...
By Elliott Wave International This article was adapted from Robert Prechter’s June 2015 Elliott Wave Theorist. For more charts and detailed commentary, analysis and forecasts from Prechter’s latest issues, click here for the extended subscriber version of...
