AUDUSD continue its downside movement from 0.8135 and the fall extended to as low as 0.7759. Further decline is still possible after a minor consolidation next target would be at 0.7650 area. Near term resistance is at...
GBPUSD’s pullback from 1.4345 extended to as low as 1.3764, facing the support of the bullish trend line on the daily chart. As long as the trend line support holds, the fall from 1.4345 could be treated...
EURUSD is now facing the support of the rising trend line on the daily chart. As long as the price is above the trend line, the pulled back from 1.2537 could be treated as consolidation of the...
By Elliott Wave International By February of this year, investors had almost forgotten what stock market volatility looked like. And then something unprecedented happened. On Monday, Feb. 5, the DJIA closed 1,175 points down, the biggest single-day...
The US dollar rallied a bit against the Japanese yen at the open on Thursday but continues to find plenty of resistance above at the 110 handle. This is a market that will be highly sensitive to...
As you can see on the chart, I had an ellipse marked from the previous session, an area that I thought was going to cause a bit of support. It does look as if that’s happening on...
The British pound has exploded higher during trading on Thursday, as we got through the interest rate hike without a scratch. It looks as if breaking above the 1.40 level should send this market higher, a level...
The EUR/USD pair has been explosive as the Americans got back to work on Thursday, showing signs of trying to break out above the 1.23 handle, which would be a major victory for the bullish traders. We...
The Australian dollar has fallen a bit during the day on Thursday but seems to be finding a lot of support at the 0.78 handle. This is the 50% Fibonacci retracement from the massive move higher, and...
EURGBP continues to trade lower as it bounced off the descending channel resistance on its 4-hour time frame. Price could keep dropping until the channel support around .8650, which might provide a countertrend opportunity. Stochastic is already...
