The USD/JPY pair bounced back and forth during the day on Monday, as the 120 level continues to offer a bit of support psychologically. Quite frankly, the market looks as if there is support all the way...
The USD/CAD pair broke higher during the day on Monday, using the 1.38 level as support. It looks as if the market is going to make another attack on the 1.40 level, which of course is going...
The GBP/USD pair fell during the day on Monday, as we continue to drift lower. We believe that the market is negative overall, and as a result we are willing to sell rallies as they show signs...
The EUR/USD pair did very little during the day on Monday as we approached the 1.10 resistance barrier. The 1.10 level of course is psychologically significant, so having said that it makes sense that we would struggle....
The AUD/USD pair fell during the day on Monday, as we continue to go back and forth. It looks as if we are a bit exhausted, so the Australian dollar could continue to go little bit lower....
By Elliott Wave International It’s almost Christmas, “the hap-happiest season of all.” Yet, here’s a sobering fact for U.S. investors: S&P 500 stocks are actually lower now than at the end of last year (chart: Google Finance):...
USDCAD remains in uptrend from 1.2831, the fall from 1.4000 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the...
USDJPY’s downward movement from 123.75 extended to as low as 120.24. Further decline could be expected in a couple of weeks, and the target would be at 118.00 area. Resistance is at 123.75, only break above this...
AUDUSD moved sideways in a trading range between 0.6907 and 0.7439 for several months. Another rise to test 0.7439 would likely be seen in a couple of weeks, a break of this level will indicate that the...
GBPUSD continued its downward movement from 1.5929, and the fall extended to as low as 1.4805. Further decline could be expected after a minor consolidation, and next target would be at 1.4700 – 1.4800 area. Resistance is...
