The EUR/USD pair had a very volatile session during the day on Thursday, as we slammed into the 100-day exponential moving average. At this point, I recognize that there is a significant amount of resistance all the...
The Australian dollar initially tried to fall during the course of the day on Thursday, but then turned around to bounce and a positive fashion. There is a significant amount of resistance above and extending all the...
GBPUSD is showing signs of a pullback from its selloff, possibly gearing up for a much-needed correction to the broken support around 1.2850-1.2900. Applying the Fib tool on the latest swing high and low on the daily...
By Elliott Wave International Last Friday, EURUSD rallied strongly. Said Reuters: “The U.S. dollar tumbled against a basket of major currencies…on U.S. political uncertainty after the FBI said it would review more emails related to Democratic presidential...
USDJPY’s downward movement from 105.53 extended to as low as 102.54. Further decline is still possible after a minor consolidation, and next target would be at 101.00 area. Resistance is at 104.25, as long as this level...
AUDUSD broke above 0.7688 resistance, indicating that the downward movement from 0.7734 had completed at 0.7557 already. Further rise could be expected and next target would be at 0.7800 area. Support is at 0.7600, only break below...
GBPUSD broke above 1.2332 resistance and reached as high as 1.2494. Further rally is still possible and next target would be at 1.2600 area. Support is at 1.2330, only break below this level will indicate that the...
EURUSD remains in uptrend from 1.0851, the fall from 1.1126 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...
The USD/JPY pair fell significantly during the session on Wednesday, as we reach down towards the 103 level. This is an area that should be supportive again, and therefore I’m looking for a supportive candle in order...
The USD/CAD pair went back and forth during the day on Wednesday, as the market looks very exhausted at the moment. However, I would be the first one point out that there is quite a bit of...
