The USD/JPY pair initially fell during the day on Monday, but found enough support just above the 120 handle the turn things around and form a bit of a hammer. This hammer of course is a bullish...
The USD/CAD pair went back and forth during the day on Monday, as we are starting to struggle to continue the massive move higher. However, we look at any pullback at this point in time is simply...
The GBP/USD pair fell significantly during the course of the session on Monday, testing the 1.51 area. However, we bounced enough to form a bit of a hammer so it looks like we are still trying to...
The EUR/USD pair broke above the 1.10 level again during the day on Monday, but still hasn’t completely broken out. After all, we need to clear the 1.11 level in order to be free and clear of...
The AUD/USD pair broke higher during the day on Monday, clearing the top of the hammer that informed on the previous candle. Because of this, it looks as if the buyers are starting to come back into play, which...
By Elliott Wave International Elliott Wave International’s July issue of The Elliott Wave Theorist reminds us why bank depositors need to prepare for the worst before a nation’s financial system is gripped by crisis: You can’t wait...
USDCAD broke above 1.3456 resistance, and reached as high as 1.3757, indicating that the uptrend from 1.1919 (May 14 low) has resumed. Further rise could be seen over the next several weeks, and next target would be...
USDJPY broke below 122.00 support, indicating that the short term uptrend from 118.16 had completed at 123.75 already. Deeper decline is still possible in a couple of weeks, and the target would be at 118.00 area. Resistance...
AUDUSD failed to break above 0.7439 resistance, and continued its sideways movement in a range between 0.6907 and 0.7439. Another fall to test 0.6907 support would likely be seen in a couple of weeks, and a breakdown...
GBPUSD stays in a descending wedge pattern on daily chart, and remains in downtrend from 1.5929. Near term resistance is located at the upper border of the wedge, as long as the wedge resistance holds, the downtrend...
