GBPUSD’s upward movement from 1.2082 extended to as high as 1.2584. Further rise is still possible and next target would be at 1.2700 area. Support is at d1.2330, only break below this level could bring price back...
EURUSD is facing 1.0851 support, range trading between 1.0864 and 1.1000 would likely be seen before breaking below this level. Resistance is at 1.1000, as long as this level holds, the rise from 1.0864 could be treated...
The USD/JPY pair initially collapsed during the day on Wednesday in reaction to the surprise presidential election, but as you can see ended up turning around in forming a massive hammer. We are now where we started...
The USD/CAD pair broke higher during the day on Wednesday, as we cleared the 1.35 level at one point. We did get back some of the gains though, so at this point I believe that we will...
The British pound initially rallied during the day Wednesday, but found enough resistance above the 1.25 level to turn things around and form a shooting star. This is a shooting star right at a major resistance barrier,...
The EUR/USD pair initially tried to skyrocket during the day on Wednesday, as we had seen quite a bit of negative reaction initially to the US election of Donald Trump as the 45th president. Ultimately, the market...
The AUD/USD pair initially tried to break out above the 0.775 level on Wednesday, but found enough volatility and more importantly resistance to turn the market back around. The market looks absolutely exhausted though, and as a...
NZDUSD has sold off recently but appears to be approaching a rising trend line that’s just forming on its 1-hour time frame. A bounce off this support area could lead to a test of the previous highs...
By Elliott Wave International [Editor’s Note: The text version of the story is below.] ********* It’s earnings season, and most investors are paying close attention (Reuters, Oct. 9): “If there’s something that can help the outlook for...
The USD/JPY pair broke above the 105 level during the day on Tuesday, as we have a significant amount of resistance above. If we can break above the 105.50 level, that’s a very bullish sign and should...
