The USD/CAD pair initially tried to rally during the course of the day on Monday, as the markets are starting to show signs of continuing the longer-term uptrend. The 1.45 level above will be targeted, and as...
The GBP/USD pair fell during the day on Monday, forming a slightly bearish candle. However, we have a longer-term downtrend anyway, so quite frankly we believe that this market will continue to fall. A break down below...
The EUR/USD pair rose a bit during the course of the day on Monday, as the 1.08 level continues offer support. We believe that ultimately this market will probably try to go higher but it will simply...
The AUD/USD pair fell slightly during the course of the day on Monday as we continue to see a lot of interest in the market at the 0.70 level. This area also features the 38.2% Fibonacci retracement...
EURAUD might be done with its recent rallies, as a reversal pattern seems to be forming on its 4-hour time frame. Price is in the middle of completing a head and shoulders formation but has yet to...
AUDUSD recently broke below a rising trend line support visible on the 4-hour time frame, indicating that a downtrend is starting. Price found support at the .6825 area and is showing signs of a correction. Using the...
By Elliott Wave International On Wednesday (Jan. 13) CNBC reported that, “Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a top market...
USDCAD broke below the upward trend line on daily chart, indicating that the uptrend from 1.2831 had completed at 1.4689 already. Range trading between 1.3800 and 1.4689 could be seen over the next several weeks. Key support...
USDJPY broke below 116.13 support, indicating that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already. Further decline could be expected after a minor consolidation, and next...
AUDUSD remains in downtrend from 0.7385, the rise from 0.6826 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation and next target would be at 0.6500 area. Near term resistance is...
