The AUD/USD pair initially fell during the day on Monday, but found enough buyers to turn things back around and go much higher. However, there is a significant amount of resistance between current levels and the 0.80...
AUDUSD is once again testing the neckline of the complex double bottom pattern on its 4-hour time frame. A break past the resistance around the .7900 major psychological level could confirm the potential reversal, which might last...
NZDUSD is showing signs of a pullback on its short-term time frames, as price bounced off the .7550 minor psychological support and is retreating to the Fibonacci levels on the latest swing high and low. In particular,...
It’s not on the front page…yet. But it will be. Some governments, central banks and mega-banks are waging a secret war on cash. They are even talking about outlawing the use of physical currency. This new reality...
By Elliott Wave International Imagine you’re on an airplane, mid-air, when the intercom from the cockpit accidentally turns on. You and the entire cabin crew overhear the pilot say this to his copilot: “I know we’re heading...
USDCAD is now in downtrend from 1.2835. Further decline would likely be seen over the next several weeks, and next target would be at 1.1500 area. Resistance is at 1.2450, only break above this level could trigger...
USDJPY is forming a sideways consolidation in a range between 115.56 and 122.02. Another fall to 115.00 area to complete the consolidation would likely be seen over the next several weeks. Key support is at 112.00, as...
AUDUSD continued its sideways movement in a range between 0.7532 and 0.7938. Resistance is at 0.7938, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from...
GBPUSD is facing the resistance of the price channel on daily chart, as long as the channel resistance holds, the rise from 1.4565 could be treated as consolidation of the downtrend from 1.7190 (Jul 15, 2014 high),...
EURUSD continued tis sideways movement in a range between 1.0462 and 1.1052. Near term resistance is at the top of the price channel on daily chart, followed by 1.1052. As long as 1.1052 resistance holds, the sideways...
