The EUR/USD pair initially tried to skyrocket during the day on Wednesday, as we had seen quite a bit of negative reaction initially to the US election of Donald Trump as the 45th president. Ultimately, the market...
The AUD/USD pair initially tried to break out above the 0.775 level on Wednesday, but found enough volatility and more importantly resistance to turn the market back around. The market looks absolutely exhausted though, and as a...
NZDUSD has sold off recently but appears to be approaching a rising trend line that’s just forming on its 1-hour time frame. A bounce off this support area could lead to a test of the previous highs...
By Elliott Wave International [Editor’s Note: The text version of the story is below.] ********* It’s earnings season, and most investors are paying close attention (Reuters, Oct. 9): “If there’s something that can help the outlook for...
The USD/JPY pair broke above the 105 level during the day on Tuesday, as we have a significant amount of resistance above. If we can break above the 105.50 level, that’s a very bullish sign and should...
The US dollar initially tried to rally during the course of the session on Tuesday, but found enough resistance to turn things back around. At this point, we have been very bullish, and I think that it’s...
The GBP/USD pair did very little during the day on Tuesday, as we show quite a bit of choppiness now. Ultimately, this is a market that has quite a bit of support just below but ultimately we...
The EUR/USD pair initially tried to rally during the day on Tuesday but turned around to form a bit of a shooting star. This suggests that we are going to continue to go a little bit lower,...
The AUD/USD pair fell initially on Tuesday but we did have enough bullish pressure under need to continue the move higher. Because of this, I feel that it is only a matter of time before we reach...
The top of the range on EURJPY still held as a ceiling as risk aversion returned to the markets. Price is now making its way towards support at the 112.75 area and might even be poised for...
