By Elliott Wave International “There are many different forms of technical analysis. A completed Elliott wave pattern supported by additional evidence allows for more confident forecasts and higher probability trades.“ – Jeffrey Kennedy Trader and technical analyst...
The USD/JPY pair broke down during the session on Thursday, slicing through what little bit of support we had seen at the 109.50 level. I believe that it’s only a matter of time before the sellers return...
The US dollar initially tried to rally against the Canadian dollar, but then pulled back rather drastically. However, later in the day we are starting to see the market rally again, and it looks like we are...
The GBP/USD pair initially fell on Thursday but found enough support near the 1.2950 level to bounce back towards the 1.30 handle. I think at this point in time, you’re probably best off sitting on the sidelines...
The EUR/USD pair initially fell on Thursday, testing the 1.17 level. However, we have turned around significantly, and it looks as if this area could hold. If we can break above the 1.1775 level, the market should...
The Australian dollar fell a bit during the day on Thursday, reaching down towards the 0.75 zero level underneath. We bounce from there, but I think overall, we are going to continue to see quite a bit...
USDCAD extended its short term uptrend from 1.2413 to as high as 1.2752. As long as the price is above the bullish trend line on its 4-hour chart, the upside movement could be expected to continue and...
USDJPY extended its downside movement from 114.49 to as low as 108.90. As long as the price is below the bearish trend line on its 4-hour chart, the downtrend could be expected to continue and next target...
AUDUSD extended its downside movement from 0.8065 to as low as 0.7838 after failing in the attempt to break above the bearish trend line resistance on its 4-hour chart. As long as the price is below the...
Being supported by 1.2932 low, GBPUSD rebounded from 1.2951, suggesting that a short term bottom is being formed on the 4-hour chart. A break above 1.3030 near term resistance could bring price back into 1.3120 zone. On...
