The US dollar did very little against the Japanese yen during the session on Thursday, as the 110.50 region is very noisy. Even more importantly, the 111 level above is resistance, and we need to break above...
The US dollar rose slightly against the Canadian dollar during the session on Wednesday, as we continue the upward channel. However, we have recently seen a massive move in favor the Canadian dollar so I think that...
The British pound initially went sideways on Thursday, showing signs of hesitation before the Bank of England meeting. Although there was no interest rate high, the Bank of England suggested that perhaps interest rate hikes could be...
The EUR/USD pair drifted back and forth during the session on Thursday, as the markets look relatively quiet overall. With the exception of the British pound, there wasn’t much in the way of market moving momentum, and...
The AUD/USD pair was choppy during the trading session on Thursday, as the 0.0 level continues to cause issues. If we can break above the 0.8015 handle, I think the market could rally at that point, but...
NZDJPY was previously consolidating inside a falling wedge formation before an upside breakout occurred. Price reached a high of 80.40 before pulling back, possibly making a retest of the broken wedge resistance. Stochastic is heading lower for...
By Elliott Wave International Using the same market indicators everyone else uses can lead you to make the same mistakes everyone else makes. Here’s a chart that proves the point — you won’t see this one elsewhere....
USDCAD extended its rebound from 1.2061 to as high as 1.2239. Further rise is still possible and the target would be at the bearish trend line on the daily chart. However, the bounce is likely consolidation of...
USDJPY broke above 110.94 resistance, indicating that the downtrend from 114.49 (Jul 11 high) had completed at 107.31 already. The pair is now in uptrend from 107.31, the fall from 111.03 could be treated as correction of...
AUDUSD rebounded from 0.7955 after touching the bottom support trend line of the price channel on the 4-hour chart, indicating that the pair remains in the uptrend from 0.7807. As long as the price is in the...
