The USD/CAD pair broke down during the course of the day on Friday, after we got a less than anticipated jobs number. I had suggested during the video yesterday that if we broke down below the bottom...
The British pound initially tried to rally during the day on Friday, but turn right back around and form a shooting star. The shooting star is roughly where I wanted to see signs of exhaustion to start...
The EUR/USD pair initially tried to rally during the course of the session here on Friday, but turn right back around to form a bit of a shooting star I find this interesting due to the fact...
The Australian dollar initially rallied during the course of the day on Friday, but turned right back around to form a bit of a shooting star. This suggests that we may drop from here but I also...
Our partners at Elliott Wave International (EWI) have just announced a new, free 3-day event for global investors at elliottwave.com. On September 6-8, they’re opening the doors to their latest forecasts for top markets in Europe (FTSE,...
No changed in our view, USDCAD is in uptrend from 1.2460. The price action from 1.3188 is treated as consolidation of the uptrend. Further rise to 1.3600 area to complete the upward movement could be expected after...
USDJPY is forming a sideways consolidation in a range between 98.97 and 107.48. As long as 107.48 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 123.75 (Nov 18, 2015 high). Lengthier...
AUDUSD broke below the upward trend line on daily chart, indicating that the upward movement from 0.7144 had completed at 0.7755 already. Further decline could be expected over the next several weeks, and the target would be...
GBPUSD continued its sideways movement in a range between 1.2795 and 1.3480. Key resistance is at 1.3800. As long as this level holds, the price action from 1.2795 could be treated as consolidation of the downtrend from...
EURUSD broke below the bottom of the price channel on daily chart, indicating that the upward movement from 1.0911 had completed at 1.1366 already. Further decline could be expected over the next several days, and next target...
