NZDUSD has formed lower highs and found support at the .7240 area, creating a descending triangle on its 4-hour time frame. Price seems to have bounced off the triangle resistance and is making a move towards support....
By Elliott Wave International [Editor’s Note: The text version of the story is below.] ********* The alarm over U.S. public pension shortfalls grows louder, which brings to mind this prescient comment from Robert Prechter’s 2002...
USDCAD is facing the resistance of the top of the price channel on daily chart. A clear break above the channel resistance could bring price to 1.3600 zone. Support is at 1.3000, only break below this level...
USDJPY is forming a sideways consolidation in a range between 98.97 and 107.48. As long as 107.48 key resistance holds, the downtrend from 123.75 (Nov 18, 2015 high) could be expected to continue, and next target would...
AUDUSD is facing 0.7755 resistance, a break of this level will signal resumption of the uptrend from 0.7144, then next target would be at 0.8000 area. On the downside, as long as 0.7755 resistance holds, another fall...
GBPUSD is testing 1.2795 support, a breakdown below this level will signal resumption of the downtrend from 1.5016, then next target would be at 1.2000 area. Key resistance is at 1.3480, only break above this level could...
EURUSD continued its sideways movement in a range between 1.1122 and 1.1366. The sideways movement is likely consolidation of the uptrend from 1.0911. Further rise to 1.2000 area would likely be seen after consolidation. Support is at...
The USD/JPY pair went back and forth during the course of the session on Friday, forming a slightly positive candle. Ultimately, I believe that this market will continue to go higher, but I recognize that there is...
The USD/CAD pair went back and forth during the course of the day on Friday, but ultimately settled on a slightly negative candle. I believe at this point in time we are going to continue to bounce...
The GBP/USD pair went back and forth during the course of the day on Friday, forming a fairly neutral but shooting star like candle. I believe that there is a significant amount of support below, extending all...
