AUD/USD daily chart, November 28, 2016 The AUD/USD pair initially rallied on Friday but gave back about half of the gains. We did not form a shooting star, but something close to it. I believe that given...
USDCAD remains in uptrend from 1.2763. Further rise could be expected after a minor consolidation, and next target would be at 1.3800 area. Support is at 1.3264, only break below this level could signal completion of the...
USDJPY’s upward movement from 101.18 extended to as high as 113.89. Further rise could be expected after a minor consolidation and next target would be at 120.00 area. Support levels are at 111.50 and 109.00, as long...
AUDUSD is in downtrend from 0.7778. Further decline is possible over the next several weeks, and next target would be at 0.6900 area. Resistance is at 0.7530, only break above this level could trigger another rise towards...
GBPUSD is in consolidation of the downtrend from 1.5016. Range trading between 1.1946 and 1.2700 would likely be seen over the next several weeks. Resistance is at 1.2700, as long as this level holds, the downtrend could...
EURUSD is facing 1.0462 (Mar 13, 2015 low) support, a breakdown below this level will indicate that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed, then next target would be at 0.9000 area....
By Elliott Wave International In this new interview, Wayne Gorman, the head of our Educational Resources Department, offers tips and strategies for options traders. Alexandra Lienhard: Welcome to ElliottWaveTV. I’m Alexandra Lienhard, and today I’m joined by...
The British pound rose slightly during the day on Thursday as the markets would have been fairly quiet due to the Americans celebrating Thanksgiving. At this point, there’s a lot of noise ran around the 1.25 handle,...
The US dollar initially rallied against the Canadian dollar during the very thin Thursday trading session, turning back around as the 1.35 level offered far too much resistance. The shooting star that form suggests that we are...
The AUD/USD pair fell at the open on Thursday but then bounced a bit to challenge the 0.74 handle. There is a significant amount of resistance above and extending all the way to the 0.75 level, so...
