EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hours chart. As long as the channel support...
USDJPY recently broke down from its range visible on the 4-hour time frame, signaling that a selloff is in order. Price seems to be in the middle of a correction to this area of interest, though, and...
Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg Minor wave A is subdivided in 5 impulsive waves....
USD/JPY daily chart, March 23, 2017 The USD/JPY pair fell during the day on Wednesday, testing the 200-exponential moving average. If we can bounce from here, that saves a certain amount of bullish pressure in a market...
USD/CAD daily chart, March 23, 2017 The USD/CAD pair initially tried to rally on Wednesday, but found enough resistance above the 1.34 level to turn around and form a shooting star. I think we’re going to enter...
GBP/USD daily chart, March 23, 2017 The GBP/JPY pair went back and forth during the day on Wednesday, as we tested the 1.25 level for resistance. We ended up forming a somewhat neutral candle, and I believe...
EUR/USD daily chart, March 23, 2017 The EUR/USD pair fell initially during the day on Wednesday but found enough support just below the 1.08 level to turn things around and form a hammer. If we can break...
AUD/USD daily chart, March 23, 2017 The AUD/USD pair fell initially during the course of the session on Wednesday, but turned around to form a nice-looking hammer. This suggests that there are buyers underneath looking to try...
By Elliott Wave International Jeffrey Kennedy, a recognized expert in Elliott wave analysis and forecasting, explains why the Wave Principle is such a reliable and powerful way to forecast the financial markets. Jeffrey stresses that if you...
USDCAD broke above 1.3377 resistance, indicating that the downtrend from 1.3535 had completed at 1.3264 already. Further rally could be expected in a couple of days, and next target would be at 1.3500 area.
