There are many factors that influence the exchange rates of currencies on a daily basis. While most Forex traders rely on technical analysis to make their trading decisions, the truth is that combining technicals and fundamentals can...
By Elliott Wave International The stock of Ferrari has been rising strongly since 2016. Can you spot the Elliott wave pattern? It has profound implications for the trend in RACE from here… Click the chart below to...
USDCAD extended its downside movement from 1.2943 to as low as 1.2544. Further decline is still possible after a minor consolidation and next target would be at 1.2500, followed by 1.2350. Near term resistance is at 1.2625,...
USDJPY moved sideways in a trading range between 106.61 and 107.49. As long as 106.61 support holds, the price action in the range could be treated as consolidation for the uptrend from 104.63, and a breakout of...
AUDUSD is now facing 0.7785 resistance. A breakout of this level could trigger further upside movement towards 0.7820, followed by 0.7860. Support is at 0.7725, only a breakdown below this level would indicate that the upside movement...
GBPUSD is facing 1.4244 resistance. A breakout of this level could trigger further upside movement towards 1.4350. Support is at 1.4100, a breakdown below this level would confirm that the uptrend is complete, then the following downside...
EURUSD remains in the uptrend from 1.2214, the fall from 1.2396 is likely consolidation for the uptrend. Range trading between 1.2300 and 1.2396 would likely be seen in a couple of days. As long as 1.2300 support...
Our friends at Elliott Wave International (EWI) often say that one of the fastest ways to learn Elliott is to test your knowledge in real markets. So, they’ve put together 5 free, short videos where Jeffrey Kennedy,...
USDCAD continued its downside movement from 1.2943 and the fall extended to as low as 1.2587. Further decline is still possible and next target would be at 1.2500, followed by 1.2350. The key resistance is located at...
USDJPY remains in the uptrend from 104.63, the sideways movement in a trading range between 106.61 and 107.49 is likely consolidation for the uptrend. As long as 106.61 support holds, the uptrend could be expected to resume...
