AUDUSD is currently bouncing off the bottom of its long-term range visible on the daily time frame, partly supported by the pickup in risk sentiment and stronger than expected data in China. The pair has found support...
EURUSD has been able to weather the market selloff pretty well in the past week, holding steady just above the 1.0850 minor psychological level even while other dollar pairs are plummeting. However, a short-term drop might be...
The USD/JPY pair tried to rally during the course of the day on Monday, but turned back around in order to form a bit of a shooting star. This was much like the stock markets in the...
The USD/CAD pair initially fell during the course of the session on Monday, but turned back around to form a massive hammer. The hammer at the top of the uptrend of course is a very positive sign,...
The GBP/USD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star. The shooting star sits just above the 1.45 handle though,...
The EUR/USD pair fell a bit during the course of the session on Monday, but found enough support later in the day to turn things around and form a somewhat significant rally by the time the market...
The AUD/USD pair initially tried to rally during the course of the session on Monday, but turned back around to form a massive shooting star. The shooting star of course is a negative sign, and as a...
NZDUSD has formed a double top pattern visible on its daily time frame, hinting that a longer-term selloff is in the cards. The chart pattern is approximately 400 pips in height so the pair could be...
By Elliott Wave International As the books were closed on 2015, the Chicago Tribune reported: “After a dismal stock finish to 2015, your natural conclusion might be: Why did I bother? “The Standard & Poor’s 500 finished...
USDCAD’s upward movement from 1.2831 extended to as high as 1.4176. Support is at the upward trend line on daily chart. As long as the trend line support holds, the uptrend could be expected to continue, and...
