EURJPY is still moving inside the symmetrical triangle pattern on its 4-hour chart, as price just bounced off the bottom once more. Another test of the triangle resistance near the 136.00 major psychological resistance might take place...
The USD/JPY pair initially fell during the day on Monday but turned back around to form a little bit of a hammer. That being the case, looks like the market is ready to grind its way higher,...
The USD/CAD pair initially fell during the course the day on Monday, but found enough support to turn things back around and break through the 1.30 level during the day. This of course is a very bullish...
The GBP/USD pair tried to break higher during the course of the session on Monday, but found the 1.55 level above to be far too resistive. With that being the case, the market looks as if it...
The EUR/USD pair fell during the day on Monday, as we continue to see quite a bit of volatility in this pair. We did pullback, but that’s not a huge surprise considering that the 1.15 level above...
The AUD/USD pair broke higher initially during the session on Monday, but turned back around to form a bit of a shooting star. The shooting star of course is a very negative sign and the fact that...
EURUSD is in a steady uptrend on its 1-hour time frame and is currently pulling back from the climb. Using the Fibonacci retracement tool on the latest swing high and low reveals that the pair is currently...
By Elliott Wave International Elliott waves don’t merely reflect prices plotted over time. Each wave has its own “personality.” Watch this video by EWI’s Wayne Gorman to learn more about the psychology behind the waves and how...
By Elliott Wave International After 20 years of experience applying Elliott wave analysis in real markets, our Senior Analyst Jeffrey Kennedy says that it remains the only tool that will tell him — down to the tick,...
By Elliott Wave International “Guessing or going by gut instinct won’t work over the long run. If you don’t have a defined trading methodology, then you don’t have a way to know what constitutes a buy or...
