The EUR/JPY pair initially tried to rally during the day on Wednesday, but turned around to form a bit of a shooting star. Ultimately though, the 100 level below is massively supportive and as that is the...
The USD/CAD pair rose during the course of the session on Wednesday, breaking above the 1.32 level significantly. However, we have to get above the top of the session for Tuesday, and once we get above there,...
The GBP/USD pair went back and forth during the course of the session on Wednesday, showing a fairly neutral candle. At this point in time, it appears that the 1.30 level is a bit of a magnet...
The EUR/USD pair went back and forth and form a bit of a negative candle, with a neutral tone as well. With this being the case, I think we continue to grind lower, but at this point...
The AUD/USD pair initially tried to rally during the course of the session, but turned around to form a shooting star. I believe that an area below near the 0.76 level is essentially the “floor” at this...
USDCAD failed in its recent attempts to break past the 1.3250 minor psychological resistance and is moving closer to testing support at the 1.3000 mark. This could complete the formation of a double top pattern, with a...
By Elliott Wave International Imagine that the world’s leading commodity markets were cars speeding down a two-lane highway. Who do you think is in the driver’s seat controlling which direction prices go? Well, if you follow the...
USDCAD broke below 1.3130 support, indicating that the uptrend from 1.3000 had completed at 1.3280 already. Deeper decline to test 1.3000 support is possible in a couple of days, a breakdown below this level will indicate that...
USDJPY stays below the downward trend line on 4-hour chart. As long as the trend line resistance holds, the pair is in downtrend from 104.31, and the rise from 100.08 could be treated as consolidation of the...
AUDUSD continued its upward movement from 0.7441 and the rise extended to as high as 0.7710. Further rise to test 0.7731 resistance is possible. Key support is at 0.7602, only break below this level could signal completion...
