USDCAD’s upward movement from 1.0619 extended to as high as 1.1466. Support is located at the bottom of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to...
USDCHF stays in the upward price channel on daily chart, and remains in uptrend from 0.8703, and the rise extended to as high as 0.9739. Near term support is at the bottom of the price channel on...
USDJPY’s upward movement from 101.06 extended to as high as 115.50. Further rise could be expected over the next several weeks, and next target would be at 120.00 area. Support is at 113.00, only break below this...
After consolidation, AUDUSD continued its downward movement from 0.9504, and the fall extended to as low as 0.8540. Further decline could be expected over the next several weeks, and next target would be at 0.8000 area. Resistance...
GBPUSD’s downward movement from 1.7190 extended to as low as 1.5790. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to...
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993, and the fall extended to as low as 1.2358. Near term resistance is at the upper line of the channel, as...
The GBP/USD pair continues to grind lower as you can see, as the market now looks like its set to go towards the 1.55 handle. A break below the 1.58 level, we believe that’s essentially the “greenlight”,...
By Elliott Wave International As of 2013, the daily trading volume in foreign exchange was more than $5 TRILLION a day. EWI’s currencies expert, Jim Martens, discusses the pros and cons of trading forex vs. trading stocks....
USDCAD remains in uptrend from 1.1121, the fall from 1.1466 is likely consolidation of the uptrend. Support is at 1.1330, as long as this level holds, the uptrend could be expected to continue, and next target would...
After touching 0.9687 resistance, USDCHF pulled back from 0.9689. However, the fall is likely consolidation of the uptrend from 0.9370, as long as the channel support holds, the uptrend could be expected to resume, and another rise...
