GBP/USD daily chart, March 09, 2017 The GBP/USD pair broke down during the day on Wednesday, clearing the bottom of the Tuesday candle. It looks as if we are going to continue to grind a bit lower,...
EUR/USD daily chart, March 09, 2017 The EUR/USD pair fell slightly during the day on Wednesday, as it looks like it’s trying to reach down to the 1.05 level. Any rally at this point will more than...
AUD/USD daily chart, March 09, 2017 The AUD/USD pair initially tried to rally during the day on Wednesday, but turned around to find selling pressure again. I think that the 0.75 level underneath should be supportive though,...
By Elliott Wave International This was an eventful week in politics, monetary policy and the markets — and to many observers, the three seemed to be linked. On Wednesday (March 1), the U.S. dollar did something it...
EURUSD moved sideways in a trading range between 1.0493 and 1.0679. As long as 1.0679 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.0828 and further decline to 1.0400 area...
GBPUSD’s bearish movement from 1.2569 extended to as low as 1.2139. As long as the pair stays in the descending channel on 4-hour chart, the downtrend could be expected to continue, and next target would be at...
After consolidation, AUDUSD continued its downward movement from 0.7740 and dropped to as low as 0.7517. Further decline is still possible after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is...
USDJPY is facing 114.95 resistance again. A break of this level will indicate that the pair is in uptrend from 111.68, then the following upward movement could bring price to 117.50 zone. Near term support is at...
After consolidation, USDCAD continued its upward movement from 1.3009 and the rise extended to as high as 1.3500. Further rise is still possible after a minor consolidation and next target would be at 1.3600 area. Key support...
USDJPY seems to be tired from its selloff as it formed a double bottom pattern on its 4-hour chart. Price failed in its last two attempts to break below the 111.50 area and might be due for...
