GBPUSD remains in uptrend from 1.4565, the price action from 1.5814 could be treated as consolidation of the uptrend. Sideways movement in a range between 1.5170 and 1.5929 could be expected to continue over the next several...
EURUSD is facing 1.1467 resistance, a break of this level will confirm that the uptrend from 1.0462 has resumed, then next target would be at 1.2500 area. Near term support is at 1.1100, only break below this...
By Elliott Wave International “When the alarm goes off and the dreamers awake, it will be pandemonium in the stock market.” — Bob Prechter, from the just-released Elliott Wave Theorist. You would agree that markets around the...
By Elliott Wave International You know the expression “God works in mysterious ways”? Well, according to an August 6 CNBC article, the price action of one financial market — i.e., crude oil — has out-mystified even God...
The USD/JPY pair broke down during the course of the day on Friday, slicing into the 122 handle. With this, it looks like we’re going to test the uptrend line, so we are looking for some type...
The USD/CAD pair initially fell on Friday, but found enough support near the 1.30 level to turn things back around. By doing so, it looks as if the market is ready to continue to try to go...
The GBP/USD pair went back and forth during the course of the day on Friday, essentially settling on a neutral candle. However, it does look like we are trying to break higher so therefore we are buyers...
The EUR/USD pair initially fell during the course of the session on Friday, but turned back around and slammed into the 1.14 region. There is a significant amount of resistance here though, so it’s probably only a...
NZDUSD has been moving sideways for quite some time and is currently testing the top of its range on the 1-hour time frame. Price is finding resistance around the .6600-.6650 levels and might head back to support...
The USD/JPY pair initially tried to rally during the course of the session on Wednesday, but turned back around to form a rather negative candle. By doing so, we ended up forming a bit of shooting star...
