USDCAD is still trending lower, moving inside a descending channel on its 1-hour chart and bouncing off resistance. Price is now making its way back down towards support at the 1.3300 to 1.3350 area, although it could...
The AUD/USD pair rallied on Monday, testing the 0.75 level above. This is the top of a significant resistance barrier, which is essentially a “zone.” I think that given enough time will get an exhaustive candle that...
The USD/JPY pair initially fell on Monday but found enough buyers near the 111 area to turn things around and form a bit of a hammer. A break above the top of the hammer is a bullish...
The USD/CAD pair broke down during the session on Monday, as we continue to consolidate between the 1.34 level on the bottom, and the 1.3550 level on the top. Given enough time, I believe that the market...
The GBP/USD pair initially tried to rally on Monday but found the 1.25 level to be far too resistive. Ultimately, this is a market that continues to bounce around just below that handle so I really don’t...
By Elliott Wave International In this new interview, Jeffrey Kennedy gives a trading lesson on how to use trendlines, trend channels, price gaps and other technical tools in conjunction with Elliott wave analysis. 5 Ways You...
GBPUSD has been moving sideways, finding support around 1.2365 and resistance at the 1.2500 major psychological level. Price is making its way back to support after a recent bounce from the top of the range. The...
AUDUSD’s upward movement from 0.7310 extended to as high as 0.7497. Resistance is at 0.7550, as long as this level holds, the rise would possibly be correction of the downtrend from 0.7778, another fall to 0.7200 area...
GBPUSD’s bounce from 1.2302 had completed at 1.2531 already. The subsequent fall is likely resumption of the downtrend from 1.2673. Further decline would likely be seen over the next several days, and the target would be at...
EURUSD broke above 1.0657 resistance, indicating that the downtrend from 1.1299 had completed at 1.0518 already. Further rally is possible in a couple of days, and the target would be at 1.0800 area. Resistance is now at...
