The AUD/USD pair did almost nothing on Tuesday as traders came back, so I believe that any time we rally from here sellers will step back into this market and punish the Australian dollar every time he...
USDCAD is still moving inside an ascending channel on its daily time frame but is closing in on the resistance around the 1.3600 major psychological mark. If this area keeps gains in check, price could head back...
USDCAD’s upward movement from 1.3080 extended to as high as 1.3580. Further rise is still possible after a minor consolidation, and next target would be at 1.3700 area. Support is at 1.3471, only break below this level...
USDJPY moved sideways in a narrow range between 116.54 and 118.66. As long as 116.54 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.18, and further rise to...
AUDUSD remains in downtrend from 0.7524, the rise from 0.7159 is likely consolidation of the downtrend. Resistance is at 1.7280, as long as this level holds, the downtrend could be expected to continue, and next target would...
GBPUSD remains in downtrend from 1.2774, the rise from 1.2228 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the channel resistance holds,...
EURUSD continued its sideways movement in a rang between 1.0352 and 1.0500. As long as 1.0500 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.1299 (Nov 9 high) and another fall...
NZDJPY broke past the long-term resistance at the 78.00 handle a couple of months back before staging a steady ascent to 83.50. Price seems to be struggling to keep up its climb from here so a pullback...
AUDNZD formed lower highs and found support at the 1.0400 major psychological level, creating a descending triangle visible on its 1-hour chart. Price is on its way to test the bottom of the triangle and might be...
By Elliott Wave International This year’s U.S. presidential election brought into focus one market you don’t hear about often: the Chinese yuan, or renminbi. “Donald Trump has been telling us all for a long time now that...
