The EUR/USD pair tried to rally at the open on Thursday but turned around to continue even lower. I believe that the EUR/USD pair will continue to grind all the way down to the 1.05 level, which...
The AUD/USD pair fell on Thursday after initially trying to test the 0.75 level. We found enough resistance there to turn around and fall towards the 0.7450 level, which is the bottom of the support “zone.” If...
GBPAUD has been trending lower, moving inside a descending channel on its 4-hour chart. The recent rally has allowed price to test the channel resistance once more, possibly bringing it back down to the lows at the...
By Elliott Wave International [Editor’s note: The text version of this interview is below.] ********* Alexandra Lienhard: I’m Alexandra Lienhard for ElliottWaveTV, and today I’ve snuck into Jim Martens’ office. Jim is Elliott Wave International’s Senior Currency...
USDCAD is facing 1.3588 resistance, a break of this level will indicate that the uptrend from 1.3005 has resumed, then next target would be at 1.3700 area. On the downside, as long as 1.3588 resistance holds, the...
USDJPY’s upward movement from 101.18 extended to as high as 110.68. Near term support is at upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue,...
AUDUSD’s downward movement extended to as low as 0.7381. Further decline could be expected, and next target would be at 0.7200 area. Resistance is at 0.7480, only break above this level could signal completion of the downtrend.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.1299. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462...
The US dollar went back and forth during the course of the session on Wednesday against the Japanese in. We are overextended at this point, so I believe that a pullback from here is more than likely...
The US dollar initially rallied against the Canadian dollar returned around for a bit of a shooting star. This is a market that continues to grind higher overall though, so I’m waiting to see whether or not...
