The Forex market is a platform for the exchange of currencies from all over the world. Multinational corporations, product manufacturers, big banks use it to convert money from one currency to another. In theory, anyone can participate...
USDCAD remains in uptrend from 1.2968, the fall from 1.3534 is likely consolidation of the uptrend. Further rise is still possible after the consolidation, and next target would be at 1.3800 area. Support is at 1.3200, only...
USDJPY continued its downward movement from 115.50 and the fall extended to as low as 108.54. Near term resistance is at 110.00, as long as the pair is below this level, the downtrend could be expected to...
After touching 0.7490 support, AUDUSD rebounded to 0.7595, suggesting that the pair remains in uptrend from 0.7158, and the price action from 0.7740 could be treated as consolidation of the uptrend. Another rise to test 0.7778 resistance...
GBPUSD is forming a triangle pattern on daily chart. Resistance is at the upper trend line of the pattern, as long as this trend line resistance holds, sideways movement could be expected to continue and next target...
EURUSD remains in downtrend from 1.1616 (May 3, 2016 high), the price action from 1.0340 is likely consolidation of the downtrend. As long as the pair is in the descending price channel on daily chart, the downtrend...
By Elliott Wave International In this new interview with Steve Craig, the Editor of our Energy Pro Service, he explains that when looking across the energy complex, 2017 is playing out according to his Elliott wave script....
USDCAD broke above 1.3300 resistance, indicating that the downward movement from 1.3455 had completed at 1.3223 already. Further rise could be expected after correction and next target would be at 1.3400 area. Support levels are at 1.3275...
USDJPY remains in downtrend from 111.57 and the fall extended to as low as 108.72. Further decline could be expected in a couple of days, and next target would be at 108.00 area. Resistance is at 109.90,...
AUDUSD is now in uptrend from 0.7473. Further rise could be expected after a minor consolidation and next target would be at 0.7700 area. Support is at 0.7500, only break below this level could bring price back...
