The EUR/USD pair rose during the course of the day on Monday, as the market broke back above the 1.09 level. Ultimately, we feel that this market is simply consolidating between the 1.08 level on the bottom,...
The AUD/USD pair broke higher during the course of the day on Monday, but only and a fairly lackluster manner. We believe that this market will be fairly quiet over the next couple of days so quite...
By Elliott Wave International Editor’s note: You’ll find a text version of this story below the video. Free Report: “A Secret New Government Tax – Unveiled.” Read it now >> ******** Welcome to Chart of the Day....
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By Elliott Wave International Some of the best stories about global positioning systems (GPS) are the weird detours they sometimes recommend. A while back, while on a family trip through Great Smoky Mountains National Park, I decided...
USDCAD’s upward movement from 1.2831 extended to as high as 1.40000. Further rise could be expected after a minor consolidation, and next target would be at 1.4500 area. Support is now at 1.3650, as long as this...
USDJPY is in short term downtrend from 123.75. Deeper decline is still possible next week, and the target would be at 118.00 area. Resistance is at 123.75, only break above this level could trigger another rise towards...
AUDUSD stayed in the trading range between 0.6907 and 0.7439 for several months. As long as 0.7439 resistance holds, the price action in the range could be treated as consolidation of the long term downtrend from 0.9504...
GBPUSD’s downward movement from 1.5929 extended to as low as 1.4865. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to...
EURUSD is now in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend. Further rally could be expected after correction, and next target would be at 1.2000 area. Support levels are at 1.0740...
