EURNZD’s recent downtrend might soon be over, as the pair formed a reversal pattern on its 4-hour chart. The pair has yet to break above the resistance levels around the neckline of the double bottom and the...
The USD/JPY pair fell initially during the course of the session, but found enough support to turn things back around and form a hammer. The top of the hammer touches of the 120 level, and as a...
The USD/CAD pair initially fell during the course of the day on Tuesday, slicing below the 1.25 handle. However, there was enough support below to turn things back around and form a nice-looking hammer. This of course...
The GBP/USD pair initially tried to rally during the course of the session on Tuesday, but found the 1.50 level to be a bit too resistive. By doing so, the market turned back around and form a...
The EUR/USD pair broke higher during the course of the session on Tuesday, but as you can see found enough resistance near the 1.10 level to turn things back around and form a massive shooting star. This...
The AUD/USD pair initially tried to rally during the course of the session, but as you can see struggled above the 0.79 level, and as a result ended up forming a shooting star. With that, we feel...
By Elliott Wave International Editor’s note: The following article is excerpted from Elliott Wave International’s new free report, “U.S. Economy Still on Life Support.” For years, the government has manipulated its unemployment statistics to line up with...
AUDUSD has been in a steady downtrend since December last year and has been trading below a descending trend line connecting its recent highs on the 4-hour chart. Price seems to have broken above the trend line...
After touching 1.2447 support, USDCAD rebounded into the trading range between 1.2447 and 1.2835. Further rally would likely be seen, and the target would be at 1.2700 area. Support is at 1.2447, only break below this level...
USDJPY broke below 119.29 support, indicating that the downtrend from 122.02 has resumed. Further decline could be expected, and next target would be at 118.00 area. Resistance levels are at 120.50 and 122.02, only break above these...
