The GBP/USD pair fell during the session on Tuesday, breaking below the bottom of the uptrend line from previous weeks. Because of this, I think that the market is going to start drifting lower, and if we...
The EUR/USD pair fell on Tuesday, making a fresh, new low. In fact, this was a 14 year low in this pair, so it’s obvious that the Euro is absolutely broken. Currently, I believe that the rallies...
The AUD/USD pair initially fell on Tuesday, but found enough support just above the 0.72 level to turn things around and form a hammer. The hammer of course is a very bullish sign, but even if we...
EURAUD has been trending lower on its 1-hour chart, moving inside a descending channel connecting the latest highs and lows. Price just bounced off the channel resistance at the 1.440 major psychological level and could head back...
By Elliott Wave International ********* Hardly anyone likes gold today. In the closing days of November, the Daily Sentiment Index (trade-futures.com) registered a ten-day average of just 9.1% gold bulls. That was only the third time in...
USDCAD remains in uptrend from 1.3080, the price action from 1.3417 is likely consolidation of the uptrend. Support is at 1.3280, as long as this level holds, the uptrend could be expected to resume, and further rise...
USDJPY remains in uptrend from 101.18, the fall from 118.66 could be treated as consolidation of the uptrend. Key support is at 114.73, as long as this level holds, the uptrend could be expected to continue, and...
AUDUSD continued its downward movement from 0.7524 and the fall extended to as low as 0.7222. Resistance levels are at 0.7280 and 0.7360, as long as these levels hold, the downtrend could be expected to continue, and...
GBPUSD’s downward movement from 1.2774 extended to as low as 1.2312. Further decline could be expected after a minor consolidation and next target would be at 1.2250 area. Resistance is at 1.2500, only break above this level...
EURUSD remains in downtrend from 1.0873, the price action from 1.0366 is likely consolidation of the downtrend. Resistance is at 1.0500, as long as this level holds, the downtrend could be expected to continue and next target...
