The USD/JPY pair had a very volatile session on Monday, chopping around in a fairly tight range. At this point in time, the Bank of Japan has not officially announced that it has intervened in the currency...
The USD/CAD pair rose during the day on Monday, breaking above the 1.30 level as oil markets fell, and of course the US dollar was purchased in order to get away from other currencies. At this point...
The GBP/USD pair gapped lower at the open on Monday as anticipated, and as a result we continue to see selling pressure. It looks as if the market is going to continue to be a bit on...
The EUR/USD pair gapped lower at the open on Monday, and bounced off of the 1.10 level during the day. With this, the market looks as if it is trying to break down but there is a...
The AUD/USD pair gapped lower at the open on Monday, and then broke down. This makes a lot of sense, because quite frankly the Australian dollar is highly leveraged to risk appetite, and as a result it...
EURCAD has been trending lower on its 4-hour time frame, moving inside a descending channel. Price just bounced off support and might be due for a test of resistance at the 1.4500 major psychological level. The 100...
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest. It held as support in the...
By Elliott Wave International Steve Hochberg and Pete Kendall, co-editors of our monthly Financial Forecast, sat down with ElliottWaveTV to discuss the volatility that followed Thursday’s Brexit vote. Learn what the Brexit vote represents — and its...
By Elliott Wave International The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They...
USDCAD moved sideways in a range between 1.2460 and 1.3188 for several weeks. Another rise to 1.3600 area would likely be seen after the sideways movement, and a break of 1.3188 resistance could signal resumption of the...
