AUD/USD daily chart, March 23, 2017 The AUD/USD pair fell initially during the course of the session on Wednesday, but turned around to form a nice-looking hammer. This suggests that there are buyers underneath looking to try...
By Elliott Wave International Jeffrey Kennedy, a recognized expert in Elliott wave analysis and forecasting, explains why the Wave Principle is such a reliable and powerful way to forecast the financial markets. Jeffrey stresses that if you...
USDCAD broke above 1.3377 resistance, indicating that the downtrend from 1.3535 had completed at 1.3264 already. Further rally could be expected in a couple of days, and next target would be at 1.3500 area.
USDJPY ran in the descending price channel on 4-hours chart and the downward movement from 115.50 extended to as low as 110.73. Near resistance is at the top of the price channel. As long as the channel...
AUDUSD broke below 0.7663 support, indicating that the uptrend from 0.7490 had completed at 0.7749 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be...
GBPUSD stays above the rising trend line on 4-hours chart, indicating that the pair remains in uptrend from 1.2109. As long as the trend line support holds, the uptrend could be expected to continue and next target...
EURUSD remains in uptrend from 1.0494 and the rise extended to as high as 1.0824. Support is at the bottom of the price channel on 4-hours chart. As long as the pair stays in the channel, the...
Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg Minor wave A is subdivided...
GBPUSD has been moving back and forth between support at the 1.2100 major psychological level and resistance at 1.2700. Price just bounced off the floor recently and seems to be setting its sights on the top of...
USD/JPY daily chart, March 22, 2017 The USD/JPY pair initially tried to rally on Tuesday but found enough resistance above the 112.50 level to turn things around and form a negative candle. By doing so, looks as...
