The EUR/USD pair went sideways initially on Wednesday, but then rallied once the Americans came back to work. I believe that the market is trying to build up enough momentum to finally break above the 1.20 level,...
The Australian dollar fell during most of the session on Wednesday, but turned around to rally during the US trading. We are testing the 0.80 level as I write this, and I recognize that there is a...
By Elliott Wave International “Guessing or going by gut instinct won’t work over the long run. If you don’t have a defined trading methodology, then you don’t have a way to know what constitutes a buy or...
USDCAD dropped sharply to as low as 1.2146. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.2662 could be...
USDJPY continued its sideways movement in a trading range between 108.26 and 110.94. As long as 110.94 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 114.49 (Jul 11 high) and another...
AUDUSD stays in a rising price channel on its 4-hour chart and remains in uptrend from 0.7807. As long as the price is in the channel, the upside movement could be expected to continue and next target...
GBPUSD stays above a bullish trend line on its 4-hour chart, indicating that the pair remains in the uptrend from 1.2774. As long as the price is above the trend line, the upside movement could be expected...
EURUSD broke above the triangle pattern on the 4-hour chart. Further rise could be expected in a couple of days and next target would be at 1.2050 area. Support levels are at 1.1900 and 1.1823, only break...
After touching 131.39 previous high resistance, EURJPY pulled back sharply from 131.70 and broke below a major support trend line on on the 4-hour chart. The pair might be forming a double top pattern with neckline at...
Geopolitical tensions intensified after North Korea conducted its sixth and most powerful nuclear test on Sunday, detonating what it said was a hydrogen bomb meant for intercontinental ballistic missile. The United States warned it could launch a...
