GBPUSD appears to have finally broke out of its consolidation pattern on the 4-hour chart. Price surged past the resistance of its descending triangle, indicating its intention to go for more gains. The chart pattern is approximately...
By Elliott Wave International ‘It’s the most wonderful time of the year,’ goes the famous holiday song. Except on Black Friday morning, that is, when a deadly stampede of shoppers at the big-name box store runs Granny...
USDCAD broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 1.2666 had completed at 1.2836 already. Further decline to test 1.2666 support could be expected. A breakdown below this level...
USDJPY broke below 111.65 support and extended its downside movement from 114.73 to as low as 111.06. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...
AUDUSD broke above 0.7610 resistance, indicating that the downtrend from 0.7729 had completed at 0.7532 already. Further rally is still possible and next target would be at 0.7650 area. Above here could trigger further upside move towards...
GBPUSD extended its upside movement from 1.3039 to as high as 1.3329, facing the key resistance at 1.3337. Above this level could trigger further upside movement to 1.3470 area. Near term support is at the bottom trend...
EURUSD broke above the fall trend line on the 4-hour chart, indicating that the short term downtrend from 1.1860 had completed at 1.1712 already. Further rally would likely be seen in the coming days and next target...
The US dollar drifted a bit lower during the day on Tuesday, drifting down towards the 112 level. The 112 level has been supportive in the past, and as a result it’s likely that the buyers are...
The US dollar has been extraordinarily volatile against the Canadian dollar during the trading day on Tuesday. Because of this, the market is likely to cause a lot of trouble for traders who can handle the volatility,...
The British pound has been very choppy over the last several sessions, bouncing from the 1.32 level underneath, which offers support. The uptrend line on the hourly chart looks very likely to be supportive as well, and...
