EURUSD had a strong rally recently but price is currently stuck in a tight consolidation pattern. This appears to be a bullish flag, which is considered a continuation signal. A break past the resistance at the 1.1385...
The USD/JPY pair rose during the day on Monday, bouncing off of the bottom of the massive candle to the downside that formed on Friday. That being the case, I feel that this market will probably continue...
The USD/CAD pair fell significantly during the course of the day on Monday, as the 1.2850 level below is massively supportive. Pay attention to what we see next, but oil markets will have a great influence in...
The GBP/USD pair gapped lower at the open on Monday in reaction to the most recent polls coming out of the United Kingdom as far as they need in the European Union is concerned. That being the...
The EUR/USD pair did very little during the day on Monday, as we simply sat still. We are at the top of the candle from the Friday session, and as a result it looks as if there...
The Australian dollar initially fell during the day on Monday, but did in doubt turning back around to form a bit of a hammer. By doing so, and more importantly bouncing off of the 0.73 level below,...
EURJPY has formed lower highs and lower lows, creating a falling wedge pattern on its 4-hour time frame. Price just bounced off support and could be due for a test of resistance soon. This resistance area lines...
GBPJPY had been moving inside an ascending triangle pattern on its 4-hour time frame and has just broken below support. This signals that the pair could be in for longer-term losses, possibly by around a thousand pips...
By Elliott Wave International In his Trader’s Classroom and Commodity Junctures services, master instructor Jeffrey Kennedy often uses traditional technical indicators with the Wave Principle to add confidence to his analysis. He starts with his Elliott wave...
By Elliott Wave International The Elliott Wave Principle is based on 5 core Elliott wave patterns, each having hard-and-fast rules, and a handful of guidelines. Here, our master instructor Jeffrey Kennedy gives you his tips for applying...
