USDCAD remains in uptrend from 1.2460 (May 3, 2016 low). The price action from 1.3598 is likely consolidation of the uptrend. Further rise could be expected after the consolidation and next target would be at 1.4000 area....
USDJPY is facing the 115.62 resistance. A break of this level will indicate that the downtrend from 118.66 had completed at 111.58 already, then the following upward movement could bring price to 120.00 zone. On the other...
Being contained by 0.7778 resistance, AUDUSD pulled back from 0.7740. The pair is now in downtrend. Further decline could be expected and next target would be at 0.7100 area. Resistance is at 0.7740, only break above this...
GBPUSD continued its sideways movement in a trading range between 1.1946 and 1.2774. As long as 1.2774 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500...
EURUSD stays in the descending price channel on daily chart and remains in downtrend from 1.1616 (May 3, 2016 high). As long as the channel resistance holds, the price action from 1.0340 could be treated as consolidation...
By Elliott Wave International In our latest “Video Mailbag,” Robert Kelley and Steve Craig, two of our global analysts, sit down to answer questions submitted by viewers like you. Learn the Why, What and How of Elliott...
USD/JPY daily chart, March 10, 2017 The USD/JPY pair broke higher during the day, slamming into the 115 handle. This is an area that I think it leads the market much higher if we can break above...
USD/CAD daily chart, March 10, 2017 The USD/CAD pair broke higher during the day on Thursday, clearing the 1.35 handle. Now that we have broken above there, it’s likely that the market will continue to go higher...
GBP/USD daily chart, March 10, 2017 The GBP/USD pair initially tried to rally during the day on Thursday but turned around to form a negative candle again. The US dollar continues to be very strong against most...
EUR/USD daily chart, March 10, 2017 The EUR/USD pair tried to rally during the day after comments by the European Central Bank suggesting that quantitative easing was going to be cut back slightly. However, there are still...
