After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the price action in the trading range could...
GBPUSD’s bounce from 1.4634 extended to as high as 1.5162. Further rise to test the resistance of the top of the price channel on daily chart is possible. As long as the channel resistance holds, the rise...
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462 could be treated as consolidation of the downtrend. Resistance is located at the...
EURGBP has been trading in a short-term uptrend for most of the month, as an ascending trend line can be drawn to connect its recent lows. Price has formed a bullish divergence, with stochastic making lower lows...
The USD/JPY pair fell during the course of the session on Wednesday, but found enough support at the 119 level again to turn things back around and form a hammer for the second day in a row....
The USD/CAD pair rose slightly during the session on Wednesday, as the 1.25 level offered a bit of support. If we can break above the top of the hammer from the Tuesday session, we would be buyers...
The GBP/USD pair broke higher during the course of the session on Wednesday, but found the 1.50 level to be far too resistive and turned back around to form a shooting star. If we can break down...
The EUR/USD pair tried to rally during the course of the day on Wednesday, but ran into trouble at the 1.10 level yet again. With that, it looks like the market will sell off again, and a...
The AUD/USD pair initially tried to rally during the course of the session on Wednesday, but fell back down in order to form a relatively negative candle. Because of this, and a break below the shooting star...
By Elliott Wave International See how three Elliott wave patterns develop — in Cliffs Natural Resources Inc (CLF), iShares Russell 2000 Index (IWM) and Direxion Daily Financial Bull 3X Shares (FAS) — in this classic 5-minute video...
