The AUD/USD pair initially tried to fall during the course of the session on Monday, gapping lower in order to collect more buyers underneath and eventually pushed the market above the 0.77 level in order to show...
USDJPY has bounced off support near the 108.00 major psychological level once more, creating a double bottom formation on the 1-hour time frame. Price is on its way to test the neckline at 109.75 and a break...
USDCAD has been trading inside a descending channel on its 1-hour time frame and has just bounced off support. Another test of the resistance around the 1.3050-1.3100 levels could take place soon. The 100 SMA is below...
By Elliott Wave International Using Fibonacci calculations helps you identify high-probability price targets and trade setups. In this new interview with our Senior Instructor Jeffrey Kennedy, you’ll learn how Fibonacci pairs perfectly with Elliott wave analysis. Watch...
By Elliott Wave International The Wave Principle is the only technical analysis tool that lets you know exactly where you’re wrong, to the pip, tick, or penny. Our senior instructor Jeffrey Kennedy explains this important value —...
USDCAD remains in downtrend from 1.4689, and the downward movement extended to as low as 1.2744. Near term resistance is at the top of the price channel on daily chart, as long as the channel resistance holds,...
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75. Further decline could be expected after a minor consolidation, and next target would be at 105.00 area. Resistance is at the...
AUDUSD stays in the upward price channel on daily chart, and remains in uptrend from 0.6826. Near term support is at the bottom of the channel, as long as the channel support holds, the uptrend could be...
GBPUSD stayed in a trading range between 1.3835 and 1.4668 for several weeks. The price action in the range is likely consolidation of the downtrend from 1.5929 (Jun 18, 2015 high). As long as 1.4668 resistance holds,...
EURUSD remains in uptrend from 1.0822, the fall from 1.1464 is likely consolidation of the uptrend. Support is at 1.1100, as long as this level holds, the uptrend could be expected to resume, and next target would...
