NZDUSD has been trending higher on its 4-hour time frame, moving inside an ascending channel patter. Price already bounced off support and is nearing the channel resistance at the .7100 major psychological mark. If this resistance...
EURGBP recently made a break below a rising trend line, indicating that price was in for a reversal. The pair bounced off support around .7735 and seems to be making a correction from its drop. Applying the...
By Elliott Wave International Back in February, when crude oil prices fell to $26 a barrel, you may remember a chorus of mainstream opinions suggesting that it had further to fall. Yet, oil prices shot up 60%...
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.2499. Further decline is still possible over the next several weeks, and next target would be at 1.2000 area. Resistance is at...
After consolidation, USDJPY continued tis downward movement from 123.75, and the fall extended to as low as 106.27. Near term resistance is at the downward trend line on daily chart, and the key resistance is at 111.88,...
AUDUSD broke below the support of the upward price channel on daily chart. Deeper decline to test 0.7450 key support is possible next week, a breakdown below this level will indicate that the uptrend from 0.6826 had...
GBPUSD is facing 1.4668 resistance, a break of this level will indicate that the downtrend from 1.5929 (Jun 18, 2015 high) had completed at 1.3835 already, then the following upward movement could bring price to 1.5300 area....
EURUSD remains in uptrend from 1.0517. Further rise could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term support is at 1.1100, and the key support is located at the...
The EUR/USD pair broke higher during the course of the session on Friday, as it looks like we are getting ready to break towards the 1.15 handle. Pullbacks at this point in time will be buying opportunities...
The AUD/USD pair fell during the course of the session on Friday, but there is plenty of support just below. That being the case, the market looks as if the buyers are below, and it should continue...
