The AUD/USD pair broke higher initially during the session on Monday, but turned back around to form a bit of a shooting star. The shooting star of course is a very negative sign and the fact that...
EURUSD is in a steady uptrend on its 1-hour time frame and is currently pulling back from the climb. Using the Fibonacci retracement tool on the latest swing high and low reveals that the pair is currently...
By Elliott Wave International Elliott waves don’t merely reflect prices plotted over time. Each wave has its own “personality.” Watch this video by EWI’s Wayne Gorman to learn more about the psychology behind the waves and how...
By Elliott Wave International After 20 years of experience applying Elliott wave analysis in real markets, our Senior Analyst Jeffrey Kennedy says that it remains the only tool that will tell him — down to the tick,...
By Elliott Wave International “Guessing or going by gut instinct won’t work over the long run. If you don’t have a defined trading methodology, then you don’t have a way to know what constitutes a buy or...
USDCAD is now in downtrend from 1.3456. Further decline could be expected after correction, and the target would be at 1.2500 area. Resistance levels are at 1.3200 and 1.3456, only break above these levels could trigger another...
USDJPY remains in short term uptrend from 116.13, the fall from 121.62 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and the target would be at 125.00 area. Support levels area at...
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.6907 is likely consolidation of the downtrend. Resistance is at 0.7439, as long as this level holds, the downtrend could be expected to resume,...
GBPUSD remains in downtrend from 1.5929, the rise from 1.5107 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.4700 area. Resistance is at 1.5660, only break...
EURUSD remains in short term downtrend from 1.1713, the rise from 1.1087 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at...
