By Elliott Wave International The foreign currency exchange market, known as forex, is the most liquid financial market on the planet — liquid to the tune of $5.3 trillion traded per day! That basically means every single...
After touching the bottom of the price channel on daily chart, USDCAD rebounded from 1.1191, indicating that the pair remains in uptrend from 1.0619. Further rise would likely be seen, and next target would be at 1.1800...
USDCHF remains in uptrend from 0.8703, the fall from 0.9741 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on daily chart, as long as the channel support holds,...
USDJPY remains n uptrend from 101.06, the fall from 118.97 is likely consolidation of the uptrend. Support is at 115.45, as long as this level holds, the uptrend could be expected to continue, and next target would...
AUDUSD’s downward movement from 0.9504 extended to as low as 0.8479. Key resistance is at 0.8794, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.8000 area....
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
EURUSD moved sideways in a trading range between 1.2357 and 1.2599. As long as the channel resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993, another fall to...
The USD/JPY pair rose slightly during the session on Friday, as we continue to show strength in this market. After all, the US dollar is the favored currency by Forex traders around the world, so it’s very...
The USD/CAD pair rose during the session on Friday, testing the highs again. We think that a pullback in becoming but quite frankly that will be value as the US dollar should be strong going forward. That...
The GBP/USD pair fell during the course of the day on Friday, testing the lows yet again. Because of this, we feel that it’s only a matter of time before the GBP/USD pair will head to the...
