USD/JPY daily chart, March 09, 2017 The USD/JPY pair fell initially during the day on Wednesday, but found enough support underneath the 114 level to shoot the market higher. With a better-than-expected ADP jobs number, the US...
EURUSD is making its way to the bottom of its longer-term range at the 1.0500 major psychological level and might be due for a bounce. If so, price could make its way back up to the range...
USD/CAD daily chart, March 09, 2017 The USD/CAD pair fell initially, but turned around after the Crude Oil Inventories announcement came out 8 times larger than anticipated. This sends this market looking towards the 1.35 handle, but...
GBP/USD daily chart, March 09, 2017 The GBP/USD pair broke down during the day on Wednesday, clearing the bottom of the Tuesday candle. It looks as if we are going to continue to grind a bit lower,...
EUR/USD daily chart, March 09, 2017 The EUR/USD pair fell slightly during the day on Wednesday, as it looks like it’s trying to reach down to the 1.05 level. Any rally at this point will more than...
AUD/USD daily chart, March 09, 2017 The AUD/USD pair initially tried to rally during the day on Wednesday, but turned around to find selling pressure again. I think that the 0.75 level underneath should be supportive though,...
By Elliott Wave International This was an eventful week in politics, monetary policy and the markets — and to many observers, the three seemed to be linked. On Wednesday (March 1), the U.S. dollar did something it...
EURUSD moved sideways in a trading range between 1.0493 and 1.0679. As long as 1.0679 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.0828 and further decline to 1.0400 area...
GBPUSD’s bearish movement from 1.2569 extended to as low as 1.2139. As long as the pair stays in the descending channel on 4-hour chart, the downtrend could be expected to continue, and next target would be at...
After consolidation, AUDUSD continued its downward movement from 0.7740 and dropped to as low as 0.7517. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is...
